Climate policy

HSBC outlines four ways to divest from fossil fuels

  • 24 Apr 2015, 16:12
  • Sophie Yeo

The divestment movement is gathering steam, with universities, cities, charities and pension funds under increasing pressure to move their money out of the fossil fuel industry.

Those behind the push have sold it as both an ethical and financial imperative. In the first case, investors should not be propping up an industry that divestment advocates say is responsible for the bulk of human-caused emissions.

In the latter, they argue that climate change regulations could lead to investments in the fossil fuel industry losing their value, since the  majority of reserves cannot be burnt if the world is to avoid exceeding 2C of warming.

HSBC released a  report on divestment last week, confirming that it sees the risk of stranded assets as a genuine threat for investors in the fossil fuel industry.

But the threat is not spread equally, it said, and nor is there one blanket solution to deal with it.

Carbon Brief looks at which investors are most at risk from the possible devaluation of the fossil fuel industry, and the different strategies that they can take to protect themselves.

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Scientists set out eight essential elements for UN climate deal

  • 22 Apr 2015, 07:25
  • Sophie Yeo

Seventeen high-profile scientists have set out eight demands for the UN negotiations on climate change in Paris at the end of this year.

These "essential elements" must be part of the UN's new agreement to ensure a climatically safe future where global temperatures are limited to below 2C and irreversible planetary changes are avoided, says the statement, compiled by the Earth League of scientists.

Released to coincide with Earth Day, the intervention is backed by scientists from across the globe, including Ottmar Edenhofer and Youba Sokona, who co-chaired the Intergovernmental Panel on Climate Change (IPCC) report into the options for avoiding dangerous climate change.

Several of the elements are more ambitious than the pathways outlined by the IPCC, however, and go beyond the level of ambition currently on the table for Paris.

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Election 2015: What the manifestos say on climate and energy

  • 21 Apr 2015, 12:35
  • Simon Evans

Update 21/4 - We added the DUP manifesto.

Update 20/4 - We added the SNP manifesto and Labour's Green Plan.

Update 17/4 - We added the Plaid Cymru manifesto.

Update 15/4 - We added the Liberal Democrat and UKIP manifestos.

Update 14/4 - We added the Conservative and Green Party manifestos.

The UK's closest election in a generation is now three weeks away. Carbon Brief is tracking the climate and energy content of the parties' manifestos as they are launched.

Labour went first on Monday 13 April, followed a day later by the Conservatives and Greens. The Liberal Democrats and the UK Independence Party launched on Wednesday 15 April. Other parties followed over the following week.

In contrast to 2010, climate change has barely featured on the campaign trail so far. That's despite - or perhaps because of - the joint climate pledge from the leaders of the three largest parties. This promised to work towards a legally-binding global climate deal, to agree new UK emissions-cutting goals and to phase out unabated coal-fired power.

Carbon Brief's climate and energy tracker will be updated through the week as the manifestos come in, allowing party policies to be compared side by side. The image below is a preview of the information available if you click through to the interactive online version.

Screen Shot 2015-04-21 At 12.35.57

Carbon Brief's climate and energy election grid includes key extracts from the 2015 election manifestos along with commentary and links to further information. Click the image or this link for the full interactive version.

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