Investment firms’ carbon targets and their alignment with power and utility assets - A portfolio view to energy transition strategy DOI Creative Commons
Marko Hakovirta,

Keijo Kovanen,

H. Sarén

et al.

Environmental Challenges, Journal Year: 2024, Volume and Issue: 15, P. 100916 - 100916

Published: April 1, 2024

The world leaders both in public and private sectors have agreed to set a 1.5 degrees Celsius ceiling the global warming greenhouse emissions. commitments these goals are voluntary binding designed lead mid-century anthropogenic emissions balance zero. carbon zero targets can open us solution pathway for change but also, they be misleading ambiguous. An important source related neutrality is carbon-intensive power utilities. Over 80% of critical energy infrastructures sector owned governed by investment firms capital markets. In this article we study connection between firm's their utilities company portfolios. analysis clearly indicates disconnect owner assets. Also, own operations highlighted with less emphasis transparency on total portfolio or asset-based strategies. high impact activities alignment indicated strategies were not transparent various indicators showed compelling evidence lack positive progress reaching committed.

Language: Английский

Renewable energy certificates threaten the integrity of corporate science-based targets DOI Open Access
Anders Bjørn, Shannon M. Lloyd, Matthew Brander

et al.

Nature Climate Change, Journal Year: 2022, Volume and Issue: 12(6), P. 539 - 546

Published: June 1, 2022

Language: Английский

Citations

92
A just world on a safe planet: a Lancet Planetary Health–Earth Commission report on Earth-system boundaries, translations, and transformations DOI Creative Commons
Joyeeta Gupta, Xuemei Bai, Diana Liverman

et al.

The Lancet Planetary Health, Journal Year: 2024, Volume and Issue: 8(10), P. e813 - e873

Published: Sept. 12, 2024

Language: Английский

Citations

38
Translating Earth system boundaries for cities and businesses DOI Open Access
Xuemei Bai, Syezlin Hasan, Lauren Seaby Andersen

et al.

Nature Sustainability, Journal Year: 2024, Volume and Issue: 7(2), P. 108 - 119

Published: Jan. 4, 2024

Language: Английский

Citations

28
Limited accountability and awareness of corporate emissions target outcomes DOI Creative Commons
Xiaoyan Jiang, Shawn Kim, Shirley Lu

et al.

Nature Climate Change, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 21, 2025

Language: Английский

Citations

2
Petrochemical transition narratives: Selling fossil fuel solutions in a decarbonizing world DOI Creative Commons
Joachim Peter Tilsted, Alice Mah, Tobias Nielsen

et al.

Energy Research & Social Science, Journal Year: 2022, Volume and Issue: 94, P. 102880 - 102880

Published: Nov. 19, 2022

Being integral to the fossil-based energy order and as a key driver of multiple intersecting ecological crises, petrochemical industry faces increasing pressures transform. This paper examines how major companies navigate these pressures. Drawing from literatures on discursive power, narratives, neoGramscian political economy, we introduce concept narrative realignment nuanced iteration corporate power that reframes problems solutions green transitions. Specifically, identify explore common transition-related analysing climate sustainability communications largest producers in sector. We argue strategic narratives portray successful transition fend off criticisms by reducing them misunderstandings. framing works reduce for deep mitigation while repositioning part solution. Building findings, demonstrate relate but also diverge position fossil fuel extractors. Despite relying feedstock being solidly placed majors increasingly focus themselves proactively enablers. The argument illustrates work downstream actors legitimize existing order.

Language: Английский

Citations

46
The alignment of companies' sustainability behavior and emissions with global climate targets DOI Creative Commons
Simone Cenci, Matteo Burato,

Marek Rei

et al.

Nature Communications, Journal Year: 2023, Volume and Issue: 14(1)

Published: Dec. 5, 2023

Climate actions by the private sector are crucial to cutting global emissions and meeting climate targets set Paris Agreement. However, despite an increasing number of pledges, pathways most companies still misaligned with targets. To identify causes this discrepancy between effort outcome, we developed a systematic approach, based on extensive analyses textual data, track implemented major public corporations reduce their emissions. Our findings suggest that misalignment companies' goals, actions, outcomes is due widespread over-investment in risk mitigation as opposed innovation cooperation activities foster energy goals. Overall, provide framework actions. approach can be used investors policymakers redirect capital towards its sustainable use design behaviourally founded policy interventions.

Language: Английский

Citations

30
Corporate emissions targets and the neglect of future innovators DOI
Yann Robiou du Pont,

Joeri Rogelj,

Angel Hsu

et al.

Science, Journal Year: 2024, Volume and Issue: 384(6694), P. 388 - 390

Published: April 25, 2024

Targets can distort competition in favor of incumbent firms.

Language: Английский

Citations

9
Lifecycle CO2 analysis for urban emission reduction of hydrogen-fuelled and battery electric buses in the European Union current and future energetic scenarios DOI Creative Commons
Pier Paolo Brancaleoni, A. Ferretti, Enrico Corti

et al.

International Journal of Hydrogen Energy, Journal Year: 2025, Volume and Issue: 123, P. 335 - 353

Published: April 1, 2025

Language: Английский

Citations

1
Mapping GHG emissions and prospects for renewable energy in the chemical industry DOI Creative Commons
Fredric Bauer, Joachim Peter Tilsted, Stephan Pfister

et al.

Current Opinion in Chemical Engineering, Journal Year: 2022, Volume and Issue: 39, P. 100881 - 100881

Published: Dec. 1, 2022

Chemicals is the industrial sector with highest energy demand, using a substantial share of global fossil and emitting increasing amounts greenhouse gasses following rapid growth over past 25 years. Emissions associated used have increased in coal dependent regions but are also commonly underestimated higher shares renewable energy. Renewable key to reducing gas emissions yet remains niche when considering corporate targets initiatives aiming at emission reductions, which instead favour incremental efficiency improvements. These findings point risk for continued lock-in industry.

Language: Английский

Citations

37
Corporate climate futures in the making: Why we need research on the politics of Science-Based Targets DOI Creative Commons
Joachim Peter Tilsted, Ellen Palm, Anders Bjørn

et al.

Energy Research & Social Science, Journal Year: 2023, Volume and Issue: 103, P. 103229 - 103229

Published: Aug. 7, 2023

In this Perspective article, we call for more scholarly attention to the politics of Science-Based Targets initiative (SBTi). Specifically, argue a need examine emission pathways and decarbonised futures that are expressed promoted through what they render likely in pursuit low-carbon transitions. We highlight how SBTi's guidance material is characterized by narrow linear view science (as input) as well similarly portrayal outcome), despite negotiated character target-setting open-endedness The SBTi thus currently tends towards obscuring embedded within it promoting an incumbent-driven transition, thereby legitimizing transition shaped some world's largest corporations and, sense, shielding them from democratic control. This argument illustrates engagement with knowledge informs its governance framework. On broader note, highlights continued critical corporate climate develops takes on ambitious forms.

Language: Английский

Citations

23