• 3 hours Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 5 hours Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 6 hours Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 7 hours OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 8 hours London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 9 hours Rosneft Signs $400M Deal With Kurdistan
  • 11 hours Kinder Morgan Warns About Trans Mountain Delays
  • 18 hours India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 23 hours Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 1 day Russia, Saudis Team Up To Boost Fracking Tech
  • 1 day Conflicting News Spurs Doubt On Aramco IPO
  • 1 day Exxon Starts Production At New Refinery In Texas
  • 1 day Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 2 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 2 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 2 days China To Take 5% Of Rosneft’s Output In New Deal
  • 2 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 2 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 2 days VW Fails To Secure Critical Commodity For EVs
  • 2 days Enbridge Pipeline Expansion Finally Approved
  • 2 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 2 days OPEC Oil Deal Compliance Falls To 86%
  • 3 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 3 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 3 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 3 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 3 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 3 days Aramco Says No Plans To Shelve IPO
  • 6 days Trump Passes Iran Nuclear Deal Back to Congress
  • 6 days Texas Shutters More Coal-Fired Plants
  • 6 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 6 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 6 days Chevron Quits Australian Deepwater Oil Exploration
  • 7 days Europe Braces For End Of Iran Nuclear Deal
  • 7 days Renewable Energy Startup Powering Native American Protest Camp
  • 7 days Husky Energy Set To Restart Pipeline
  • 7 days Russia, Morocco Sign String Of Energy And Military Deals
  • 7 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 7 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 7 days India Needs Help To Boost Oil Production
How To Play The Next Wireless Revolution

How To Play The Next Wireless Revolution

The global communications boom has…

What Went On at the 2014 UN Investor Summit on Climate Risk

What Went On at the 2014 UN Investor Summit on Climate Risk

On Wednesday, more than 500 global investment and financial executives gathered at the United Nations for the 2014 Investor Summit on Climate Risk to discuss a $36 trillion plan to help transform the global economy from one dependent on fossil fuels to a more sustainable one that uses renewable energy sources, and promotes energy efficiency.

The Clean Trillion Campaign, as it is called, was developed by Ceres, the non-profit sustainable investment organisation which hosted the UN summit.

Currently our economies are dependent on fossil fuels and the cheap energy that they provide, but they are nearing the end of their days and efforts to preserve them are leading to more dangerous circumstances resulting in far more accidents.

Related article: Are We Falling Off the Climate Precipice?

The summit was held with the intention of encouraging investors to take a more direct and involved approach to forcing a change to alternative energy, but in order for them to consider these political advancements must be made in terms of supporting clean energy investments over fossil fuels.

Cleantechnica attended the summit and reported that one of the opening speeches given was by Robert Rubin, the former Treasury Secretary. He explained that the best way to affect politics was to begin talking about climate change to everyone. Powerful business leaders often spend time with elected politicians, so talking to them personally about the opportunities in clean energy is a good way to impact policymaking.

The Clean Trillion Campaign is an effort to encourage $36 trillion of investment in areas and projects that will help to transform the economy before 2050. An amount that Ceres has calculated must be spent in order to avoid catastrophic climate change. The campaign offers tools to help investors manage the climate risks in their portfolios, as well as identifying areas where investment might be useful.

Related article: Is China an Environmental Steward, Demon or Magician?

There are ten key points in the campaign, which Cleantechnica has reported as:

1. Develop capacity to boost clean energy investments and consider setting a goal such as 5 percent portfolio-wide clean energy investments
2. Elevate scrutiny of fossil fuel companies’ potential carbon asset risk exposure
3. Engage portfolio companies on the business case for energy efficiency and renewable energy sourcing, as well as on financing vehicles to support such efforts
4. Support efforts to standardize and quantify clean energy investment data and products to improve market transparency
5. Encourage “green banking” to maximize private capital flows into clean energy
6. Support issuances of asset-backed securities to expand debt financing for clean energy projects
7. Support development bank finance and technical assistance for emerging economies
8. Support regulatory reforms to electric utility business models to accelerate deployment of clean energy sources and technologies
9. Support government policies that result in a strong price on carbon pollution from fossil fuels and phase out fossil fuel subsidies
10. Support policies to de-risk deployment of clean energy sources and technologies

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News