2021 will see institutional capital begin to move, at scale, away from assets facing high levels of climate risk and, increasingly, towards companies and infrastructure that are well-positioned for a low-carbon global economy.
Reporting and disclosure
Cheap renewable energy and difficulties financing coal are forcing change in South Africa, but there are concerns vested interests could push gas over solar and wind.
A decision to widen the definition of environmental risk to include nature as well as climate change would have largely positive implications.
The Carbon Tracker co-founder reflects on vindication, emboldened investors and the need for a global fossil fuel treaty.