Global S&T Development Trend Analysis Platform of Resources and Environment
Briefing Summary - Pathway to a Climate Neutral 2050: Financial Risks for Gas Investments in Europe | |
Joseph Dutton | |
2020-03-03 | |
出版年 | 2020 |
国家 | 欧洲 |
领域 | 气候变化 |
英文摘要 |
Achieving climate neutrality and net-zero emissions means Europe must stop burning fossil fuels, including unabated natural gas. Innovation and new lower carbon technologies are unlikely to offer a climate-proof future for the gas industry. This means investments to preserve, upgrade, or expand gas infrastructure are at risk of not recovering their value. This paper proposes a framework for investors to consider the range of transition risks facing the European natural gas industry across its value chain. Despite the contribution of natural gas to Europe’s carbon emissions, public and private investment in gas infrastructure remains significant. The strong flows of finance are supported, inevitably, by lobbying efforts by the gas industry to ensure its presence in the energy mix, despite the EU and its member states introducing policies for deep decarbonisation. Systemic climate-related risks to gas assets in Europe are high but often remain undiscussed in the investor community. The global investment community’s increasing endorsement of the TCFD principles, however, presents an opportunity to highlight the risks of investing in gas infrastructure. Assessing climate-related risks associated with natural gas is particularly challenging because gas is used across multiple sectors, and financial returns for network infrastructure are often guaranteed. The recent emergence of ‘alternative’ gases such as hydrogen in policy debates also understates and ignores some of these risks. E3G has therefore developed a framework for articulating climate-related financial risks across the gas value chain Key points
Read the full briefing, Pathway to a Climate Neutral 2050: Financial Risks for Gas Investments in Europe, here. |
URL | 查看原文 |
来源平台 | E3G |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/274018 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | Joseph Dutton. Briefing Summary - Pathway to a Climate Neutral 2050: Financial Risks for Gas Investments in Europe,2020. |
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