Brown Advisory’s Post

I am pleased to share my recent publication in Energy Economics, ABDC A*, ABS 3, SSCI IF 12.7, Q1 Free access to this article. https://lnkd.in/dqyqadg4

A new analysis from the Institute for Energy Economics and Financial Analysis (IEEFA) concludes that transition finance should focus on country- and sector-specific feasibility assessments of credible climate plans, developed within a well-defined, science-based timeframe. It also finds that a financial institution's transition framework should ensure that the flow of use of proceeds to the expansion of fossil fuels is prohibited. #cdnpoli #sustainablefinance #climaterisk #netzero

Join the experts from the European Investment Bank (EIB) for a live conversation around the projects undertaken and the role Engineers & Economists play. Get answers to your questions by registering here https://lnkd.in/euRTSVwx #engineers #economists #innovation #decarbonisation #sustainability #greenenergy #digitalization

The ambition of policymakers navigating the energy transition has surpassed the capacity of economic modelling for the first time, a new keynote paper argues. https://lnkd.in/dhJy2G4N

The Institute for Energy Economics and Financial Analysis (IEEFA) releases a global ESG funds report aimed at analyzing the investment performance and cash flows of ESG funds in recent years #esg #esginvesting

A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) highlights the need for universal asset owners to launch products that prioritize long-term decarbonization goals over short-term financial returns. The report calls for the establishment of "systemic funds" designed to tackle systemic risks such as climate change, which are not being addressed adequately by current offerings. Systemic funds would focus on concessionary returns in the short term, aiming instead to deliver long-term environmental benefits like decarbonization. Legal discussions surrounding fiduciary duty have opened the door for universal asset owners to pursue bold strategies without violating their obligations to maximize returns, allowing them to play a critical role in reducing systemic risks that threaten the global economy, such as climate change. IEEFA argues that universal owners can further strengthen decarbonization strategies by collaborating with governments, pushing for the rapid adoption of carbon markets, working to prevent investee companies from lobbying to obstruct climate action, leveraging investor relationships as large shareholders and clients of banks and, incorporating divestment into stewardship and engagement toolkits. A more pragmatic and varied approach to active ownership can help overcome the limitations of relying too heavily on corporate engagement to achieve systemic risk reduction. “By supplementing engagement with several key actions, universal owners can more realistically hope to move the needle on economy-wide decarbonisation,” says Alasdair Docherty, author of the report and a sustainable finance and data analyst at IEEFA. Read the report here: https://lnkd.in/gMugqXA3 Media coverage here: https://lnkd.in/gVHgvCdj

The energy transition brings with it many challenges, not least of which must be met with economic policy instruments such as price mechanisms. Such a mechanism would consist of a fiscally neutral CO 2 tax. Opportunities are opening up for investors from the energy transition and the decarbonisation trend. #finance #wealthmanagement #economics

The London School of Economics and Political Science (LSE) Grantham Research Institute on Climate Change & the Environment's Just Transition Finance Lab published a case study on IFC's green and sustainability-linked investment in ENGIE Chile which helped the company shift from fossil fuel-based power generation to renewable power generation and install Battery Energy Storage Systems (BESS).    "ENGIE Chile has mapped out an aggressive transition away from coal towards renewables, energy storage and natural gas. The utility has worked closely with unions and communities to support affected workers and their families. In a challenging financing environment, it approached the International Finance Corporation and other investors for a green and sustainability-linked loan to support its transition, enhancing social protections for its workers along the way”, highlighted the case study.    The Just Transition Finance Lab case study series profiles emerging practices in bringing the just transition to life, examining the interplay between companies, finance institutions, workers, communities, and policymakers. Read the full case study here: https://lnkd.in/dV3Qu_gg #IFCEnergy #EnergyTransition    IFC - International Finance Corporation | IFC Infrastructure | Alfonso García Mora | Manuel Reyes-Retana | Temel Oktem | Manuela Adl | Juan Payeras | Nayve Martinez | Anaïs Gardien | Cristina Estévez Gutiérrez | Rosaline Corinthien | Infante Bernardita | Eduardo Milligan | Alison May Saffery Gubbins  

Reducing the Cost of Capital Strategies to unlock clean energy investment in emerging and developing economies Global clean energy investment has risen by 40% since 2020, reaching USD 1.8 trillion in 2023, but almost all the recent growth has been in advanced economies and in China.

Inflation Reduction Act Two Years Later: Historic Industry Investment - https://lnkd.in/gXE_vi2N Nik Sawe and Sonali Despande, Policy Analysts for Energy Innovation’s Industry Program, authored this piece. This is part of a series exploring the Inflation Reduction Act’s impact after two years. The first article summarizes its total impact. States across the country are building plants, creating jobs and participating in a