Dr Emily Shuckburgh OBE introduces Carbon Tracker Initiative CEO, Anthony Hobley
Title: 2°C Roadmap based on Financial Analysis Carbon Tracker’s work has focused on mapping out the financial risks associated with fossil fuel investments.
Carbon Tracker’s work has focused on mapping out the financial risks associated with fossil fuel investments. So – in keeping with the “numbers-based” theme, we have conducted detailed analyses of all the world’s major oil, coal and gas projects.
Two numbers, in particular, stand out – the 2C carbon budget and the break-even price for individual projects. Linking the two gives investors a roadmap to move away from high-cost, high-carbon projects which could become stranded assets. To put another number on this: over $2 trillion of planned investments to 2025 are at risk from a combination of falling demand, increased regulation and competitive alternatives.
Another important thread in our research moves from risk to opportunities – we have shown that the world’s oil majors would be worth more if they aligned their production with climate targets – up to $140 billion more, to be precise.