06 December 2015
Hotel Potocki, 27 Avenue de Friedland, Paris, 75008
The Carbon Tracker Initiative will take part to the World Climate Summit 2015, moderating a plenary session on Energy.
The panel will bring together high-level representatives from the fossil fuel & utility industries, institutional and private investment, Governments and policy-makers.
The panelists will discuss the major climate-related challenges and solutions that each sector of society is currently facing. Carbon Tracker will moderate the discussion and propose a roadmap for all actors to drive an orderly energy transition.
- Anthony Hobley, CEO, Carbon Tracker, Moderator
- Pierre Ducret, Chair, Institute for Climate Economics; Special Adviser for CC and COP21, Caisse des Depots
- Eva Halvarsson, CEO, AP2
- Paul Fisher, Deputy Head of the PRA and Executive Director for Supervisory Risk and Regulatory Operations, Bank of England
- Anne Simpson, Investment Director, CalPERS
- Gérard Moutet, Executive Vice President Energy-Climate, Total
- Manuel Pulgar-Vidal, Peruvian Environment Minister
THE SESSION FOCUS
This session will be designed to answer to the question:
- Is the transition to a low carbon energy system already underway? Is it fast enough to deliver the climate secure energy system we need?
- Carbon Tracker’s new report identifies a “Danger Zone” for new fossil fuel projects which risk being incompatible with both this energy transition and a 2ºC safe pathway. How should both companies and investors manage the risk of value destruction from such projects persued under business as usual strategies whilst at the same time still providing the energy we need whilst the energy transition is underway?
- Fossil Fuel company business as usual growth strategies where such companies are still banking on ever rising demand for their products appear to be irreconcilable with the 2ºC carbon budget. What risk management tools, disclosure and financial measures could help investors, policy-makers and regulators alike to make the decisions that support the clean energy transition and avoid lower investment return from wasted capital in those fossil fuel projects that are neither climate or financially viable?
- How do energy incumbents avoid the curse of dominant incumbents (such as Kodak, The American Steam Company & Olivetti) when faced with a changing World & disruptive technological change? How could they emulate companies such as GE who have survived many disruptive changes? Should these companies seek to transition to clean energy companies or simply move from being a growth stock to an ex-growth yield stocks?
- How can investors, shareholders and other financial institutions have the greatest impact tin deriving the energy transition? Investing in clean energy? Divesting from fossil fuel companies? Or through engagement? If through engagement what form should such engagement take?
- How do Governments dependent on the tax and royalty revenues prepare for an ex-growth fossil fuel industry?
For more information, please visit the World Climate Summit website.