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We carry out scenario analysis and research to examine and understand how potential changes to supply and demand will impact the future of fossil fuel-exposed companies and projects. This analysis helps the investment community better understand the financial implications of tackling climate change
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Absolute Impact 2023: Progress on oil and gas...



Kazakhstan Energy Transition


Loading the DICE Against Pensions


There Will Be Blood: Decommissioning California’s...



Энергетический переход Казахстана
Степенным шагом к углеродной нейтральности В этом докладе основное...


Kazakhstan Energy Transition
Steppes to Net Zero This report focuses on Kazakhstan’s energy transition pathway and provides a perspective that strikes a balance...

Crossroads – reenergising the UK power sector’s transition
The GB power system is increasingly at risk of becoming stuck in transition on its necessary path to carbon neutrality. Over the first...

Enel SpA – All change?
Transition Plan Analysis Enel is the largest global renewable private player, biggest grid operator by end users and retail operator by...

Gone with the wind?
Investments in the electricity grid are not keeping up with the rapid growth of wind resulting in record losses of green electricity and...

Transition Plan Analysis (TPA1) – EDF SA: Nuclear funding gap for renewables
Transition Plan Analysis Despite nationalisation, EDF remains a major issuer in the fixed income space as well as a competitive force to...Popular Reads
Absolute Impact 2023: Progress on oil and gas emissions targets has stalled
We carry out scenario analysis and research to examine and understand how potential changes to supply and...
Read MoreKazakhstan Energy Transition
We carry out scenario analysis and research to examine and understand how potential changes to supply and...
Read MoreWith UK and European leaders continuing to ponder the long-term future of power market design, common themes continue to arise...
Read MoreBalancing Act: Stranded Assets and Flexibility in China’s Power Sector
Power Analyst Note March 2023In September 2020, the People’s Republic of China announced targets of peaking economy-wide carbon emissions before 2030 and...
Read MoreThere must have been a time in the 1920s some 20 years after the introduction of the Model T Ford in the United States, and with...
Read MoreRecent extreme price spikes for the GB power market have triggered key discussions over whether the time has come for a shift in...
Read MoreDownload Infographic Here The energy transition may well be determined by the phenomenon of S-curves. This is because the future...
Read MoreThis article was first published by Brink News, with thanks to Thomas Carver. The shift away from a carbon-based economy risks...
Read MoreThe war in Ukraine is a further example of the inherent fragility of the world fossil fuel system. It is accelerating the energy...
Read MorePut a price on it: The case for more effective carbon pricing in Japan
Power Analyst Note October 2022Amidst an energy crisis and a power supply crunch, the Japanese power sector is today experiencing unprecedented stress owing to...
Read MoreThe Transition Files: periodic thoughts and views on companies, industries...
Oil Journal October 2022The Transition Files In Volume 1, this journal comprises: an article on SHELL, another on Discounted Cash Flows, and one on...
Read MoreCorporate Research: RWE AG – Talking the talk, but will need to walk...
Power Analyst Note September 2022RWE AG RWE’s transition to net zero is not fully aligned with the goals of the Paris Agreement. Germany has yet to...
Read MoreCorporate Research: CEZ a.s – Restructuring due; urgent need for...
Power Analyst Note September 2022CEZ a.s CEZ’s transition to net zero by 2040 is not fully aligned with the goals of the Paris Agreement. CEZ is...
Read MoreWe are writing this report because retiring coal is the fastest route to decarbonisation and alignment with the goals of the...
Read MoreCLP Holdings Limited (CLP) has a commitment to achieve net zero emissions by 2050. However, we do not think CLP’s net zero plan...
Read MoreTenaga Nasional Berhad (TNB) aims to achieve net zero emissions by 2050 underpinned by a commitment to reduce 35% of its...
Read MoreAdani Power Limited (APL) has no commitment to achieve net zero emissions and no meaningful plans to manage the energy transition...
Read MoreOn June 30, the U.S. Supreme Court ruled that the EPA does not have authority, under the Clean Air Act, to set up an emissions...
Read MoreFossil fuel commodity prices are likely to remain volatile with the prospect for further embargos. This is a manifestation of non...
Read MoreThe risks associated with gas infrastructure investment have never been higher This report continues our series exploring the...
Read MoreToday the Supreme Court hears oral arguments in the case of West Virginia v. EPA. The case centers on the EPA’s ability to...
Read MorePoland’s Energy Dilemma: New gas power traps taxpayers in a costly...
Gas Analyst Note February 2022Poland is approaching a key point in determining the future direction of its power system and the technologies that it wishes to...
Read MoreThe Chinese government has been sending mixed messages on its long-term climate ambitions once again On the one hand, an...
Read More$110 billion of coal plants owned by listed Asian utilities could become uneconomic as the world takes action to meet climate...
Read MoreUnabated gas plants’ future role in the power system should be predominantly limited to backup reserve to allow for flexible...
Read MoreRenewables continue to increase their cost competitiveness versus coal, with 27% of the global coal fleet unprofitable today. Do...
Read MoreEnding the use of coal for power generation in South Korea by 2028 is not only possible but also the most economical option in...
Read MoreA cost-optimized analysis for a renewables investment schedule for South Korea shows that a more ambitious rollout of renewable...
Read MoreA Clean Energy Portfolio (CEP) is already more competitive than new combined-cycle gas plants (CCGTs) in Italy. Foot Off the Gas...
Read MoreNel presente studio analizziamo l’attuabilità finanziaria di nuove centrali a gas in Italia, confrontandone il costo con...
Read MoreBetting on new gas today means shouldering consumers with higher prices tomorrow as well as missing the net zero pathway the UK...
Read MoreCarbon Tracker's Christmas Cracker had a makeover in 2020. This infographic originally went out in our December newsletter,...
Read MoreThe Texas-based company Vistra recently announced that they will close six coal power plants and cut their coal generating...
Read MoreAs part of a UK government-funded project to support the Philippines power sector stakeholders navigate the shifts, risks and...
Read MoreClick here to view Carbon Tracker's Annual Review 2019 In 2019 our objective was to accelerate the energy transition by...
Read MoreAlthough coal has long been viewed as the cheapest way to power the global economy, this is no longer the case. New renewable...
Read MoreThe Earth's temperatures continue to rise causing catastrophic climate change. The risks of climate change are having major...
Read MoreSouth Korea needs to phase-out unabated gas by 2050 in a Paris-aligned scenario or potentially risk $60 billion in stranded...
Read MoreBuilding and operating coal power is becoming a political decision that increasingly conflicts with underlying economic...
Read MoreCOVID-19 is crippling economies and creating turmoil in financial markets. This note gives our outlook for coal generation in...
Read MoreThe piece originally was posted to the World Economic Forum website on March 18, 2020. The impact of China's previous...
Read MoreCoal developers risk wasting more than $600 billion because it is already cheaper to generate electricity from new renewables...
Read MoreAccording to Carbon Tracker analysis, Indonesia has 15 coal-fired plants (6.4 GW) aged 20 years and older. The decision to...
Read MoreThe purpose of this note is to: Address RWE’s response to our recent report Apocoalypse Now, by acknowledging that, per...
Read MoreCoal power is losing its economic footing. As detailed in Figure 1, according to Carbon Tracker analysis, which is based on...
Read MoreSSE aligns with Carbon Tracker’s Paris-compliant methodology for coal...
Coal Flash Note December 2019In November, SSE confirmed that its remaining hard coal units at Fiddler’s Ferry power plant in the UK will close by 31...
Read MoreIberdrola aligns with Carbon Tracker’s Paris-compliant methodology for...
Coal Flash Note December 2019Iberdrola announced at the opening of the United Nations Framework Convention on Climate Change (COP25) this week it will...
Read MoreThe energy complex has EU coal generators in a chokehold. Are policymakers and investors prepared for what comes next? In this...
Read MoreCarbon Tracker's mission is to align investors strategies to climate change action. We recognise that there is...
Read MoreThe economic viability of new and existing coal in Japan could be severely undermined by cheap renewables and, without policy...
Read MoreLast week Carbon Tracker’s power & utilities team was in Manila to attend the launch of a UK government-funded project to...
Read MoreClimate Action 100+ power utility profiles for mainstream investors to align with Paris and manage energy transition...
Read MoreVietnam’s low-cost renewables revolution and its implications for coal power investments Key findings: ...
Read MoreThe UK Climate Change Committee (CCC) has reported on its recommended targets for the UK to reduce its greenhouse gas emissions...
Read MoreThis interactive portal and accompanying report track the economic and financial risks of coal power at the asset-level...
Read MoreEconomic and financial risks of coal power in Indonesia, Vietnam and the...
Coal Report October 2018Examining the stranded asset risk of coal plants in Indonesia, Vietnam and The Philippines These three country briefings...
Read MoreNowhere to hide: Using satellite imagery to estimate the utilisation of...
Power Report October 2018In this report, we present the results from a revolutionary method pioneered by Carbon Tracker to use satellite imagery to...
Read MoreThe asset economics and financial implications of Energa’s and Enea’s proposed new Ostrołęka coal power plant C In this...
Read MoreIf you read just one thing this year…… first, it’s December! What took you so long?......second, make it this. Much...
Read MoreIn this report, we look at how a scenario for the EU28 that is compliant with limiting the rise in global warming to below 2°C...
Read MoreCoal’s market share in the US power mix is being diminished at an unprecedented rate due to fierce competition from cheap gas...
Read MoreChasing the Dragon? China’s coal overcapacity crisis and what it means...
Power Report November 2016China is currently building more coal plants than it needs and in doing so is misallocating capital at an unprecedented...
Read MoreCarbon Tracker’s work on the energy transition has already demonstrated the value in challenging traditional energy model...
Read MoreIn this report we analyse the EU’s largest 5 power generators: Électricité de France (EDF), GDF Suez, Enel, E.ON and RWE, who...
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