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Climate change risks: Climate change risks-I: Ignore at your own peril
Apr 06:
There is no denying the fact that in the midst of looking at immediate imperatives, oil & gas companies may end up ignoring the risks that climate change can entail.
8Even by projected New Policies Scenario (NPS) of the IEA, the quantum of emissions which will be let out would make the Paris goals unachievable, exhausting the carbon budget for the 1.5 degrees Celsius limit by 2022, and for a 2 degrees limit by 2034.
8A vast majority of the fossil fuel investments are not compatible with Paris Goal any more
Clear risk
8The clear risk is that either this volume of investments makes the Paris goal unachievable. If the Paris emission goals are achieved, then the capital invested will be wasted, potentially leading to a massive economic crisis.
8Anyone with a longer horizon on the industry must not miss out on these risk factors.
Click on Reports for more
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8Even by projected New Policies Scenario (NPS) of the IEA, the quantum of emissions which will be let out would make the Paris goals unachievable, exhausting the carbon budget for the 1.5 degrees Celsius limit by 2022, and for a 2 degrees limit by 2034.
8A vast majority of the fossil fuel investments are not compatible with Paris Goal any more
Clear risk
8The clear risk is that either this volume of investments makes the Paris goal unachievable. If the Paris emission goals are achieved, then the capital invested will be wasted, potentially leading to a massive economic crisis.
8Anyone with a longer horizon on the industry must not miss out on these risk factors.
Click on Reports for more
