Companies could lose $2.3tn in value under tough and accelerated climate policies
Statement from a report by UN-backed Principles of Responsible Investing (PRI), a group representing investors with $86 trillion of assets under management
Coal-fired generation puts out about twice the amount of carbon dioxide - around 2,000 pounds for every megawatt hour generated. Most of the emissions of human-caused (anthropogenic) greenhouse gases (GHG) come primarily from burning fossil fuels—coal, hydrocarbon gas liquids, natural gas, and petroleum—for energy use.
Rules aimed at lowering carbon emissions are expected to accelerate in the coming years as countries scramble to meet obligations under the 2015 Paris climate agreement limiting global warming.
Any abrupt policy shifts risk severely disrupting current investment strategies, U.N.-backed Principles of Responsible Investing (PRI), a group representing investors with $86 trillion of assets under management, said in a report.
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