The IEA Calls Time on the Fossil Fuel Era

14 October 2021

There is a paradox at the heart of expertise: those who have accumulated the most...

Gain not pain: why COP must move the narrative forward

The world has changed a lot since Paris; so too should the logic of climate mitigation. Mitigating climate...

The IPCC’s Red Alert

On Monday 9th August, the Intergovernmental Panel on Climate Change (IPCC) delivered a climate report warning...

Spiralling Disruption: The feedback loops of the energy transition

The fossil energy system is falling over the edge of the demand cliff. 2019 was likely peak fossil fuel...

Reach for the Sun: The emerging market electricity leapfrog

14 July 2021

Fossil fuel electricity generation has peaked worldwide as emerging market countries...

The Sky’s the Limit: Solar and wind energy potential is 100 times as much as global energy demand

Solar and wind potential is far higher than that of fossil fuels and can meet global energy demand many times...

Annual Review 2019

Click here to view Carbon Tracker's Annual Review 2019 In 2019 our objective was to accelerate the energy...

Decline and Fall: The Size & Vulnerability of the Fossil Fuel System

The energy transition is disrupting the entire fossil fuel system, with profound consequences for financial...

Spiralling Disruption: The feedback loops of the energy transition

05 August 2021

The fossil energy system is falling over the edge of the demand cliff. 2019 was likely...

Can a virus and viral ideas speed the world’s journey beyond fossil fuels?

Smart investments and viral ideas in pandemic recovery and contagious new tools for deeper, cheaper energy...

Nothing to lose but your chains: The emerging market transport leapfrog

Falling battery prices and the decarbonisation of transport systems in emerging markets will reduce...

The Future’s Not in Plastics: Why plastics demand won’t rescue the oil sector

The oil and petrochemical industries are betting their future growth prospects on demand for plastics. But...

The IEA Calls Time on the Fossil Fuel Era

14 October 2021

There is a paradox at the heart of expertise: those who have accumulated the most...

Gain not pain: why COP must move the narrative forward

The world has changed a lot since Paris; so too should the logic of climate mitigation. Mitigating climate...

The IPCC’s Red Alert

On Monday 9th August, the Intergovernmental Panel on Climate Change (IPCC) delivered a climate report warning...

Mineral constraints for transition overstated by IEA

The IEA’s latest piece on minerals[1] critical to the energy transition gives a rather pessimistic spin to...

Shell and Third Point: Spinning (Off) the Sector

06 December 2021

Third Point, the US activist hedge fund, has recently proposed a significant change to...

Colorado Oil and Gas Looking to Have its Cake and Eat it Too

In January, the Colorado Oil and Gas Conservation Commission (COGCC) will vote on the new financial assurance...

Australian oil and gas mergers: Exposing the weakness of company transition planning

Merger and acquisition (M&A) activity is shaking up the Australian oil and gas sector. In two proposed...

When fracking stops, who will plug Colorado’s wells?

When a well is drilled, a legal obligation to plug the well and reclaim the surface is created This is a...

Race to the Top: Internalising oil and gas retirement costs

14 October 2021

Compared to other large oil and gas producing states, California and Ohio rank last in...

Adapt to Survive: Why oil companies must plan for net zero and avoid stranded assets

Committing to net zero is not enough – the emissions reduction pathway is critical Carbon...

Beyond Petrostates: The burning need to cut oil dependence in the energy transition

Fossil fuel-reliant countries could see a drop of 51% in government oil and gas revenues in a shift to a...

Fault Lines: How diverging oil and gas company strategies link to stranded asset risk

In a series of reports since 2011, Carbon Tracker has shown the financial and stranded asset risks to fossil...

They only fill when they drill

15 July 2021

Financial assurance requirements are universally considered to be too low to pay for...

Absolute Impact 2021: Why oil and gas ‘net zero’ ambitions are not enough

Oil and gas companies are increasingly announcing new climate goals as they seek to maintain a social licence...

Groundhog Pay: How executive incentives trap companies in a loop of fossil growth

The energy transition will require oil and gas companies to fundamentally change the way they do...

How The Mighty Are Fallen – How Chasing Growth Destroyed Value In ExxonMobil

Between 2014 and the end of 2019, ExxonMobil 's return to shareholders was negative 10%. In September...

Shell and Third Point: Spinning (Off) the Sector

06 December 2021

Third Point, the US activist hedge fund, has recently proposed a significant change to...

Australian oil and gas mergers: Exposing the weakness of company transition planning

Merger and acquisition (M&A) activity is shaking up the Australian oil and gas sector. In two proposed...

When fracking stops, who will plug Colorado’s wells?

When a well is drilled, a legal obligation to plug the well and reclaim the surface is created This is a...

North Dakota P&A cost data is bad news for the taxpayers in oil-producing states

Summary As the Colorado Oil and Gas Conservation Commission’s (COGCC) seeks to fulfill its statutory...

Colorado Oil and Gas Looking to Have its Cake and Eat it Too

01 December 2021

In January, the Colorado Oil and Gas Conservation Commission (COGCC) will vote on the new...

Does Repsol’s 30% Emissions Target Add Up?

Repsol has seemingly upped its emissions cutting game In early October, responding to shareholder...

The House Always Loses: Costly Shell Game Shifts Cleanup to Colorado

Colorado’s ineffective financial assurance and well plugging rules have allowed the growth of a large...

Oil companies should hedge their bets on CCUS and offsetting

Shell and Eni’s recent strategy updates have highlighted a key emerging point in the debate on oil and gas...

Is Biden’s Bill the High-Water Mark on Climate?

17 November 2021

After months of legislative negotiations, the $1.2 trillion Infrastructure bill made it...

Race to the Top: Internalising oil and gas retirement costs

Compared to other large oil and gas producing states, California and Ohio rank last in forcing the closure of...

Flying blind: The glaring absence of climate risks in financial reporting

Investors are Flying Blind as over 70% of reviewed companies and 80% of auditors fail to disclose climate...

Letter to the SEC on Climate Change Disclosures

Recently, we submitted a letter in response to the Securities and Exchange Commission’s (SEC) Public Input...

Race to the Top: Internalising oil and gas retirement costs

14 October 2021

Compared to other large oil and gas producing states, California and Ohio rank last in...

Flying blind: The glaring absence of climate risks in financial reporting

Investors are Flying Blind as over 70% of reviewed companies and 80% of auditors fail to disclose climate...

Proposals to enhance climate-related disclosures by listed issuers and clarification of existing disclosure obligations (CP20/3)

Carbon Tracker and Assurance Mark were given the opportunity to comment on the FCA’s above-referenced...

Billion Dollar Orphans: Why millions of oil and gas wells could become wards of the state

There are 2.6 million unplugged onshore wells in the U.S., with another estimated 1.2 million that are...

Letter to the SEC on Climate Change Disclosures

23 June 2021

Recently, we submitted a letter in response to the Securities and Exchange Commission’s...

A Tale of Two Share Issues: How fossil fuel equity offerings are losing investors billions

The value of share offerings in fossil fuel producing and related companies dropped by $123 billion in the...

The Impair State: The Paris Agreement starts to impact oil & gas accounting

The oil industry’s financial statements reflect climate change conflict Oil and gas companies have never...

The Flip Side: Stranded Assets and Stranded Liabilities

Carbon Tracker’s fundamental insight is that the oil and gas industry’s growth plans do not fit in a low...

Is Biden’s Bill the High-Water Mark on Climate?

17 November 2021

After months of legislative negotiations, the $1.2 trillion Infrastructure bill made it...

Can you see stranded assets through the SMOG?

In the run up to COP 26 many oil and gas companies have announced ‘net-zero by 2050’ targets. However,...

The mom and pop oil company

As the Colorado Oil and Gas Conservation Commission (COGCC) weighs competing demands of protecting the state...

99% of producers give the rest a bad name

There’s a quip about lawyers that goes 99% of attorneys give the rest a bad name. The same can be said...

Shell and Third Point: Spinning (Off) the Sector

06 December 2021

Third Point, the US activist hedge fund, has recently proposed a significant change to...

Colorado Oil and Gas Looking to Have its Cake and Eat it Too

In January, the Colorado Oil and Gas Conservation Commission (COGCC) will vote on the new financial assurance...

Mistaking Price Volatility for Market Strength may Store Up Long Term Asset Stranding Risk

Right now, global energy commodity prices remain close to long-term highs despite recent declines. But...

Australian oil and gas mergers: Exposing the weakness of company transition planning

Merger and acquisition (M&A) activity is shaking up the Australian oil and gas sector. In two proposed...

Put Gas on Standby

19 October 2021

Unabated gas plants’ future role in the power system should be predominantly limited to...

Adapt to Survive: Why oil companies must plan for net zero and avoid stranded assets

Committing to net zero is not enough – the emissions reduction pathway is critical Carbon...

Foot Off the Gas: Why Italy should invest in clean energy

A Clean Energy Portfolio (CEP) is already more competitive than new combined-cycle gas plants (CCGTs) in...

Il rischio di andare a tutto gas: Perché l’Italia dovrebbe investire nel settore dell’energia pulita

Nel presente studio analizziamo l’attuabilità finanziaria di nuove centrali a gas in Italia,...

They only fill when they drill

15 July 2021

Financial assurance requirements are universally considered to be too low to pay for...

Absolute Impact 2021: Why oil and gas ‘net zero’ ambitions are not enough

Oil and gas companies are increasingly announcing new climate goals as they seek to maintain a social licence...

End in Sight: How South Korea can force coal offline by 2028

A cost-optimized analysis for a renewables investment schedule for South Korea shows that a more ambitious...

Pipe Dreams: Why Canada’s proposed pipelines don’t fit in a low carbon world

Carbon Tracker's modelling shows no new oil sands are needed in a low carbon world. Prospective pipelines and...

Shell and Third Point: Spinning (Off) the Sector

06 December 2021

Third Point, the US activist hedge fund, has recently proposed a significant change to...

Australian oil and gas mergers: Exposing the weakness of company transition planning

Merger and acquisition (M&A) activity is shaking up the Australian oil and gas sector. In two proposed...

When fracking stops, who will plug Colorado’s wells?

When a well is drilled, a legal obligation to plug the well and reclaim the surface is created This is a...

North Dakota P&A cost data is bad news for the taxpayers in oil-producing states

Summary As the Colorado Oil and Gas Conservation Commission’s (COGCC) seeks to fulfill its statutory...

Colorado Oil and Gas Looking to Have its Cake and Eat it Too

01 December 2021

In January, the Colorado Oil and Gas Conservation Commission (COGCC) will vote on the new...

Mistaking Price Volatility for Market Strength may Store Up Long Term Asset Stranding Risk

Right now, global energy commodity prices remain close to long-term highs despite recent declines. But...

The House Always Loses: Costly Shell Game Shifts Cleanup to Colorado

Colorado’s ineffective financial assurance and well plugging rules have allowed the growth of a large...

Shell and Eni revise emissions plans – into the weeds, or into the forest?

Emissions trajectories continue to bend lower Last month, both Shell and Eni revised their scope 3 emissions...

South Africa Needs Significantly More Money to Help Phase Out Coal

15 December 2021

We welcome the recent announcement that South Africa has struck a deal to access...

Do Not Revive Coal: Planned Asia coal plants a danger to Paris

Renewables continue to increase their cost competitiveness versus coal, with 27% of the global coal fleet...

South Korea must take opportunity to end coal power and accelerate renewables build-out by 2028

Ending the use of coal for power generation in South Korea by 2028 is not only possible but also the most...

End in Sight: How South Korea can force coal offline by 2028

A cost-optimized analysis for a renewables investment schedule for South Korea shows that a more ambitious...

Do Not Revive Coal: Planned Asia coal plants a danger to Paris

30 June 2021

Renewables continue to increase their cost competitiveness versus coal, with 27% of the...

Annual Review 2019

Click here to view Carbon Tracker's Annual Review 2019 In 2019 our objective was to accelerate the energy...

How to Retire Early: Making accelerated coal phaseout feasible and just

Although coal has long been viewed as the cheapest way to power the global economy, this is no longer the...

Political decisions, economic realities: The underlying operating cashflows of coal power during COVID-19

Building and operating coal power is becoming a political decision that increasingly conflicts with...

End in Sight: How South Korea can force coal offline by 2028

21 April 2021

A cost-optimized analysis for a renewables investment schedule for South Korea shows that...

Apocoalypse Now

The energy complex has EU coal generators in a chokehold. Are policymakers and investors prepared for what...

Making it mainstream – CA100+ power utility profiles

Climate Action 100+ power utility profiles for mainstream investors to align with Paris and manage energy...

Understanding the operating costs of coal power: US example

Summary The operating costs of coal units are complex and depend on many variables. Coal units are...

Indonesia to replace one fifth of coal fleet with renewable energy

03 February 2020

According to Carbon Tracker analysis, Indonesia has 15 coal-fired plants (6.4 GW) aged...

SSE aligns with Carbon Tracker’s Paris-compliant methodology for coal power

In November, SSE confirmed that its remaining hard coal units at Fiddler’s Ferry power plant in the UK...

Iberdrola aligns with Carbon Tracker’s Paris-compliant methodology for coal power

Iberdrola announced at the opening of the United Nations Framework Convention on Climate Change (COP25)...

South Africa Needs Significantly More Money to Help Phase Out Coal

15 December 2021

We welcome the recent announcement that South Africa has struck a deal to access...

South Korea must take opportunity to end coal power and accelerate renewables build-out by 2028

Ending the use of coal for power generation in South Korea by 2028 is not only possible but also the most...

COP26: A chance to reset and eliminate obstacles – coal in sights

2021 is a year of opportunity; one of resetting, reshaping and a chance to remove distortions that hinder an...

Measuring and managing energy transition risk in the Philippines

As part of a UK government-funded project to support the Philippines power sector stakeholders navigate the...

Chinese coal industry patch-up should not encourage new investment

05 November 2021

The Chinese government has been sending mixed messages on its long-term climate ambitions...

Taking Stock of Coal Risks

$110 billion of coal plants owned by listed Asian utilities could become uneconomic as the world takes action...

Put Gas on Standby

Unabated gas plants’ future role in the power system should be predominantly limited to backup reserve to...

Do Not Revive Coal: Planned Asia coal plants a danger to Paris

Renewables continue to increase their cost competitiveness versus coal, with 27% of the global coal fleet...

Put Gas on Standby

19 October 2021

Unabated gas plants’ future role in the power system should be predominantly limited to...

Do Not Revive Coal: Planned Asia coal plants a danger to Paris

Renewables continue to increase their cost competitiveness versus coal, with 27% of the global coal fleet...

Foot Off the Gas: Why Italy should invest in clean energy

A Clean Energy Portfolio (CEP) is already more competitive than new combined-cycle gas plants (CCGTs) in...

Il rischio di andare a tutto gas: Perché l’Italia dovrebbe investire nel settore dell’energia pulita

Nel presente studio analizziamo l’attuabilità finanziaria di nuove centrali a gas in Italia,...

Taking Stock of Coal Risks

04 November 2021

$110 billion of coal plants owned by listed Asian utilities could become uneconomic as...

End in Sight: How South Korea can force coal offline by 2028

A cost-optimized analysis for a renewables investment schedule for South Korea shows that a more ambitious...

Apocoalypse Now

The energy complex has EU coal generators in a chokehold. Are policymakers and investors prepared for what...

Making it mainstream – CA100+ power utility profiles

Climate Action 100+ power utility profiles for mainstream investors to align with Paris and manage energy...

Indonesia to replace one fifth of coal fleet with renewable energy

03 February 2020

According to Carbon Tracker analysis, Indonesia has 15 coal-fired plants (6.4 GW) aged...

SSE aligns with Carbon Tracker’s Paris-compliant methodology for coal power

In November, SSE confirmed that its remaining hard coal units at Fiddler’s Ferry power plant in the UK...

Iberdrola aligns with Carbon Tracker’s Paris-compliant methodology for coal power

Iberdrola announced at the opening of the United Nations Framework Convention on Climate Change (COP25)...

Chinese coal industry patch-up should not encourage new investment

05 November 2021

The Chinese government has been sending mixed messages on its long-term climate ambitions...

South Korea must take opportunity to end coal power and accelerate renewables build-out by 2028

Ending the use of coal for power generation in South Korea by 2028 is not only possible but also the most...

2020 at Carbon Tracker

Carbon Tracker's Christmas Cracker had a makeover in 2020. This infographic originally went out in our...

Vistra takes an important step in the clean energy transition, but still has a long journey ahead

The Texas-based company Vistra recently announced that they will close six coal power plants and cut their...

Annual Review 2019

29 July 2020

Click here to view Carbon Tracker's Annual Review 2019 In 2019 our objective was to...

Carbon Countdown: Prices and Politics in the EU-ETS

Market counts down to the MSR The EU carbon market has been the hottest commodity market in the world over...

Dispatch dogfight: will the EU ETS put gas in the money in 2018?

Since the start of the year, EU carbon has doubled in value, raising the possibility of coal to gas switching...

Carbon Clampdown: Closing the Gap to a Paris-compliant EU-ETS

Closing the Gap to a Paris-compliant EU-ETS Carbon pricing, whether via cap-and-trade schemes or taxes, is...

Annual Review 2019

29 July 2020

Click here to view Carbon Tracker's Annual Review 2019 In 2019 our objective was to...

Carbon Countdown: Prices and Politics in the EU-ETS

Market counts down to the MSR The EU carbon market has been the hottest commodity market in the world over...

Carbon Clampdown: Closing the Gap to a Paris-compliant EU-ETS

Closing the Gap to a Paris-compliant EU-ETS Carbon pricing, whether via cap-and-trade schemes or taxes, is...

Dispatch dogfight: will the EU ETS put gas in the money in 2018?

08 June 2018

Since the start of the year, EU carbon has doubled in value, raising the possibility of...

Carbon Tracker’s Christmas Cracker 2017

21 December 2017

If you read just one thing this year…… first, it’s December! What took you so...

Aligning capital market actions with climate reality

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