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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We carry out scenario analysis and research to examine and understand how potential changes to supply and...
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We carry out scenario analysis and research to examine and understand how potential changes to supply and...
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Carbon Tracker and Planet Tracker welcome the opportunity to respond to the European Commission’s (“the Commission”)...
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Transition Plan Analysis Enel is the largest global renewable private player, biggest grid operator by end users and retail...
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California’s oil and gas producing resources have been in overall decline for nearly four decades, but the industry turned a...
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Given the very large size of Shell’s hydrocarbon assets on the balance sheet, to convert Shell into a business able to cope...
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Transition Plan Analysis Despite nationalisation, EDF remains a major issuer in the fixed income space as well as a competitive...
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Transition Plan Analysis (TPA) Level 2 Despite differing views on climate change, it cannot escape anyone’s attention that...
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Key Findings: Shell has made a significant effort to improve the amount, depth and frequency of information in its approach...
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In response to state regulations, Colorado oil and gas well operators have submitted their financial assurance plans. On this...
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Transition Plan Analysis (TPA) Level 1 Despite differing views on climate change, it cannot escape anyone’s attention that...
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Response to the Financial Conduct Authority’s Consultation Paper “Sustainability Disclosure Requirements (SDR) and investment...
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Decarbonising CCGT, grids & Scope 3 Emissions Engie needs to consider retiring merchant CCGT capacity. Its plans to...
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Transition Plan Analysis: For Naturgy to be fully aligned with the goals of the Paris Agreement, five things need to...
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Transition Plan Analysis: Engie’s plans to reduce carbon intensity for scope 1 and 3 emissions from generation are not...
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For Centrica to be aligned with the goals of the Paris Agreement, four things need to happen: The company needs to...
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1.5°C-alignment requires production declines, but most oil & gas companies are planning to expand Oil and gas companies...
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J-Power has a commitment to achieve net zero emissions by 2050 but we do not think the plan is currently Paris-aligned We...
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The war in Ukraine is a further example of the inherent fragility of the world fossil fuel system. It is accelerating the energy...
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For many decades fossil hydrogen has been an integral part of our energy society. From being an essential component for powering...
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RWE is bringing forward the closure of 3.1GW of lignite capacity at Niederaussem K, Neurath F & G from end 2038 to December...
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In 2021, Carbon Tracker published its first report about the degree to which companies had disclosed taking climate risks into...
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Introducing a global registry of fossil fuels to drive corporate and government accountability. The Global Registry of Fossil...
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PGE PGE’s planned transition to net zero is not aligned with the goals of the Paris Agreement. PGE could retire 5.7GW...
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Over $1 trillion of oil & gas assets risk becoming stranded as a result of policy action on climate and the rise in...
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Fossil fuel commodity prices are likely to remain volatile with the prospect for further embargos. This is a manifestation of non...
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The Gulf of Mexico has long been a major oil and gas producing region for the U.S., but field depletion in shallower regions near...
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The risks associated with gas infrastructure investment have never been higher This report continues our series exploring the...
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Carbon Tracker recently announced that it was creating a Global Registry of Fossil Fuels, the “Registry,” which will be a...
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Unabated gas plants’ future role in the power system should be predominantly limited to backup reserve to allow for flexible...
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Compared to other large oil and gas producing states, California and Ohio rank last in forcing the closure of idled, abandoned...
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Investors are Flying Blind as over 70% of reviewed companies and 80% of auditors fail to disclose climate-related risks in the...
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Committing to net zero is not enough – the emissions reduction pathway is critical Carbon Tracker’s fifth annual...
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Fossil fuel electricity generation has peaked worldwide as emerging market countries seize the opportunities of low-cost...
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Renewables continue to increase their cost competitiveness versus coal, with 27% of the global coal fleet unprofitable today. Do...
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Solar and wind potential is far higher than that of fossil fuels and can meet global energy demand many times over, unlocking...
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A Clean Energy Portfolio (CEP) is already more competitive than new combined-cycle gas plants (CCGTs) in Italy. Foot Off the Gas...
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Nel presente studio analizziamo l’attuabilità finanziaria di nuove centrali a gas in Italia, confrontandone il costo con...
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Betting on new gas today means shouldering consumers with higher prices tomorrow as well as missing the net zero pathway the UK...
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Fossil fuel-reliant countries could see a drop of 51% in government oil and gas revenues in a shift to a low-carbon world over...
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In a series of reports since 2011, Carbon Tracker has shown the financial and stranded asset risks to fossil fuel producers...
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Carbon Tracker and Assurance Mark were given the opportunity to comment on the FCA’s above-referenced proposals (the...
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There are 2.6 million unplugged onshore wells in the U.S., with another estimated 1.2 million that are undocumented. In It’s...
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Click here to view Carbon Tracker's Annual Review 2019 In 2019 our objective was to accelerate the energy transition by...
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Although coal has long been viewed as the cheapest way to power the global economy, this is no longer the case. New renewable...
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Carbon Tracker pioneered work on the oil and gas industry’s “stranded assets”; as investors increasingly ask whether oil...
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The energy transition is disrupting the entire fossil fuel system, with profound consequences for financial markets and...
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The 2019 report on the Speed of the Energy Transition by the World Economic Forum Global Future Council on Energy described two...
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South Korea needs to phase-out unabated gas by 2050 in a Paris-aligned scenario or potentially risk $60 billion in stranded...
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Building and operating coal power is becoming a political decision that increasingly conflicts with underlying economic...
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Coal developers risk wasting more than $600 billion because it is already cheaper to generate electricity from new renewables...
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To deflate the carbon bubble and protect investors, oil & gas companies must shrink The world’s listed oil and gas majors...
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Carbon Tracker's mission is to align investors strategies to climate change action. We recognise that there is...
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The economic viability of new and existing coal in Japan could be severely undermined by cheap renewables and, without policy...
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This report provides an update to our 2017 and 2018 "2 Degrees of Separation" reports, along with an updated methodology. The...
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Gradual or Rapid Energy Transition: What path are we on? The energy industry is complex, and understanding the major trends...
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Vietnam’s low-cost renewables revolution and its implications for coal power investments Key findings: ...
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There is growing attention on the potential impacts of climate-related risks on the upstream oil and gas sector A 2019 report by...
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In this study we review the remuneration practice used in the oil and gas industry and look at alignment with either growth or...
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Our New Energy Strategist co-authored this report for the International Renewable Energy Agency (IRENA) Fundamental changes...
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This interactive portal and accompanying report track the economic and financial risks of coal power at the asset-level...
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Examining the stranded asset risk of coal plants in Indonesia, Vietnam and The Philippines These three country briefings...
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In this report, we present the results from a revolutionary method pioneered by Carbon Tracker to use satellite imagery to...
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The peak in fossil fuel demand will have a dramatic impact on financial markets in the 2020s. The global energy system is...
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The asset economics and financial implications of Energa’s and Enea’s proposed new Ostrołęka coal power plant C In this...
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This report was produced by Client Earth, WWF and Carbon Tracker The International Organization of Securities Commissions...
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Market counts down to the MSR The EU carbon market has been the hottest commodity market in the world over the last 16...
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This report updates our 2 Degrees of Separation report, published in June 2017 2 Degrees of Separation laid out a framework...
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Vers un SEQE-UE conforme à l'accord de Paris Notre modélisation de cette compression de l'offre suggère que le prix de l'EUA...
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This paper provides in-depth analysis of the company disclosure of the largest oil and gas companies: BP, Chevron, Conoco...
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Die Lücke zu einem Paris-konformen EU-EHS schließen Die Schaffung dieser Angebotsknappheit könnte die Preise auf 15 €/t bis...
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Closing the Gap to a Paris-compliant EU-ETS Carbon pricing, whether via cap-and-trade schemes or taxes, is not sufficient on...
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This is the first in a series of reports on company scenario analyses, focusing on ExxonMobil This paper seeks to assist...
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This study updates our report 2 Degrees of Separation, and for the first time quantifies risk of overinvestment under a 1.75ᵒC...
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Zwei-Grad-Ziel und Strategieanalyse für europäische Kohlekraft-Investoren In diesem Bericht beschäftigen wir uns mit einem...
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Carbon Tracker's submission to the consultation phase of the Department of Business, Energy & Industrial Strategy's...
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Carbon Tracker Initiative comments on the Environmental Audit Committee’s Green Finance inquiry We welcome the opportunity...
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Carbon Tracker's comments on the Sustainability Accounting Standards Board proposed changes to provisional standards. We...
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In 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...
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What does a 2°C scenario mean for future refining capacity? In this paper, we look at how a scenario for oil demand that is...
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Coal’s market share in the US power mix is being diminished at an unprecedented rate due to fierce competition from cheap gas...
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China is currently building more coal plants than it needs and in doing so is misallocating capital at an unprecedented rate. As...
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Explore the report webpage: 2degreeseparation.com This report, produced by Carbon Tracker, Principles for Responsible...
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In response to an enquiry from the G20, the Financial Stability Board produced a seminal report investigating the implications of...
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This report was produced in partnership between Carbon Tracker and the Grantham Institute at Imperial College London. The...
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Alpha Natural Resources, Peabody Energy Corp., and Arch Coal, Inc.—three of the four largest U.S. coal companies by annual...
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China is currently building more coal plants than it needs and in doing so is misallocating capital at an unprecedented...
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Unabhängige Stresstests belegen: Große Erdölkonzerne könnten durch Übernahme des 2°C-Pfades Wertsteigerungen...
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独立压力测试表明，石油巨头若采取 2˚C 路径，其资产价值将显著提高 伦敦/纽约，2016 年 5...
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Les actifs en amont des sept plus grandes compagnies pétrolières et gazières privées et cotées pourraient valoir ensemble...
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Carbon Tracker’s work on the energy transition has already demonstrated the value in challenging traditional energy model...
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In response to the US Securities and Exchange Commission (SEC) Release No. 33-10098, "Modernization of Property Disclosures for...
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In response to the SEC's Concept Release on Business and Financial Disclosure, Carbon Tracker submitted comments, identifying...
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Why a 2°C business model is less risky than 'business-as-usual' for oil companies. The business model for many companies in the...
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In January 2016 the US Secretary of the Interior announced a moratorium on new coal leasing on public lands pending completion of...
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In the US, carbon-intensive sectors have made risk factor disclosures related to climate change for years but very little of it...
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U.S. and European oil and gas companies are under increasing pressure from shareholders to stress test their businesses against a...
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In April 2016, the Financial Stability Board’s Task Force on Climate-Related Financial Disclosures published a report on Phase...
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Oil majors could be worth up to $140 billion more by aligning production with climate targets
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In 2013, the European Commission adopted proposals for a Directive amending the Accounting Directive in relation to the reporting...
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The flaws in the business models of some of the largest US shale producers are becoming clear. Growing levels of debt are...
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In February 2016, we were invited to contribute to the Australian Senate Economics References Committee’s inquiry into carbon...
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This paper examines Chevron’s current disclosures in the context of Carbon Tracker’s April 2015 Blueprint, where we...
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UK Environmental Audit Committee inquiry: Sustainability and HM Treasury The cross-departmental Environmental Audit Committee...
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A análise feita pelo Carbon Tracker indica que entre 60% e 80% das reservas de carvão, óleo e gás do mundo não poderão ser...
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Hot on the heels of a historic climate deal in Paris the Carbon Tracker Initiative and the Climate Disclosure Standards Board,...
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In 2011, Carbon Tracker asked whether the world’s capital markets were carrying a “carbon bubble”. Further analysis...
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Fossile Energieunternehmen riskieren, 2 Billionen Dollar mit unwirtschaftlichen Projekten zu...
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Zone de danger des 2 mille milliards de dollars d’actifs dévalorisés Les compagnies de combustibles fossiles...
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The data is clear – the energy transition is underway, and the direction of travel is away from fossil fuels. But not everyone...
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In late 2015, the U.K.’s economic and finance ministry sought public responses to a consultation concentrated on simplifying...
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يشير الإنفاق السنوي الذي تبلغ قيمه 674 مليار دولار أمريكي على أصول...
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283 مليار دولار من الغاز الطبيعي المسال "غير مجد اقتصاديا" لغاية 2025
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هناك حاجة لقيام المستثمرين بتحدي ما يصل إلى 1.1 تريليون دولار أمريكي من...
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يويورك، 22 سبتمبر 2014: يحدد بحث جديد اصدرته مبادرة Carbon Tracker اليوم مخاطر...
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O estudo revela que, apesar de as reservas de combustíveis fósseis já excederem em muito o orçamento de carbono destinado a...
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O estudo global sobre gás identifica 283 mil milhões de dólares em possíveis projetos de gás natural liquefeito (GNL) até...
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A análise de risco assinala que muitos projetos petrolíferos com custos mais altos encontram-se num ponto demasiado alto na...
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Uma nova investigação publicada hoje pela Carbon Tracker Initiative (CTI) descortina grandes riscos financeiros para os...
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El gasto anual de 674 000 millones de dólares en activos de combustibles fósiles «inquemables» señala la incapacidad de...
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Nuestro nuevo estudio global sobre el gas identifica proyectos de gas natural licuado (GNL) hasta el año 2025 por valor de...
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Los inversores deben cuestionar la inversión petrolera de 1,1 billones de dólares para el próximo decenio La curva de...
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Curvas de costes del suministro de carbono La investigación de CTI tiene por objeto suscitar un nuevo debate sobre el futuro...
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This report is designed to challenge the conventional thinking and linear models which dominate the current scenarios for energy...
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This paper, first presented at the 1st Global Stranded Assets Conference, hosted by the Smith School in Oxford September 2015,...
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Der Trend weg von der Kraftwerkskohle – Teure neue Minen sind für Investoren unrentabel Eine neue Studie der Carbon Tracker...
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283 Mrd. $ Flüssigerdgas 'unwirtschaftlich‘ bis 2025
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Investoren müssen Ölinvestitionen in Höhe von 1,1 Billionen $ für das nächste Jahrzehnt hinterfragen
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Investitionen von 674 Mrd. $ in 'unantastbare‘ fossile Brennstoffvorräte zeugen von Blindheit gegenüber enormen Finanzrisiken
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La quantité de combustibles fossiles cotés sur les marchés de capitaux mondiaux est supérieure à celle pouvant être...
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Quel est le risque financier des dépenses d’investissement consacrées au pétrole?
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L’année 2015 n’a fait que confirmer l’éloignement des combustibles fossiles. Quel est le risque financier des dépenses...
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Courbes d’offre du carbone Les études de CTI ont pour objectif d’encourager une nouvelle réflexion sur l’avenir de...
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There has been much discussion of fossil fuel subsidies as both an inefficient use of public tax dollars and a barrier to the...
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Low carbon scenarios do include the potential for gas demand to grow over the next decade. But if we are to stay within a carbon...
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Some fossil fuel companies are failing in their legal duty to address climate risk in their reporting, a group of non-profit...
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In 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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Carbon Tracker recently submitted comments to the European Commission's ongoing capital markets union (CMU)...
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US shale production has prompted increased volatility in the oil markets, as exemplified by the 50% drop in prices during the...
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Carbon Tracker is developing a transition road map for the fossil fuel industry. This will outline the steps we believe that the...
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The market for thermal coal is in structural decline in the United States. Squeezed out by an abundance of cheap shale gas and...
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The 2015 Oil Spending Review is in Full Swing With oil prices collapsing to between $50/$60 a barrel (at the...
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In a letter to the U.S. Securities and Exchange Commission as part of its ongoing review of disclosure, the Carbon Tracker...
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During 2014, following in the footsteps of Shell and ExxonMobil, oil and gas industry association IPIECA published a “fact...
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This Carbon Tracker report shows how rural communities in Africa and India suffering most from a lack of modern energy can...
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In partnership with Ceres, CDP and CDSB, Carbon Tracker has assessed the responses from over 80 fossil fuel companies to a...
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Our research on coal consists of a package of detailed analyses of coal supply, demand and financial trends. The accompanying...
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Shell underestimates risk for up to $77 bln of high cost oil projects The Carbon Tracker Initiative (CTI) and Energy...
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This latest piece of research from Standard & Poors’ coal analysts in collaboration with CTI explores for the first time...
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Since the turn of the century, China has almost single-handedly been driving global thermal coal consumption growth. Changes in...
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This report is a risk analysis which provides a tool for the majority of investors who cannot simply divest, so they can...
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Exxon: Is business as normal the right strategy? Earlier this month, ExxonMobil published a document entitled, “Energy and...
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Carbon Tracker respond to the US Department of State's Final Supplemental Environmental Impact Statement (FSEIS) with our new...
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Carbon content is a key financial element of fossil fuel reserves. In December 2013, Carbon Tracker submitted a letter to the...
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Following on from Carbon Tracker’s Unburnable Carbon 2013 global analysis, we release this report in collaboration with The...
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This new research from Carbon Tracker and the Association of Chartered Certified Accountants reveals that current financial...
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The fourth in the series of Carbon Tracker's Unburnable Carbon reports, focuses on Brazil - a country with the fascinating...
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This new research from Carbon Tracker and the Grantham Research Institute on Climate Change and the Environment at LSE calls...
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Carbon Tracker and Standard & Poors have been working together on the implications of carbon constraints for credit ratings...
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This new analysis from the Carbon Tracker Initiative finds that the current coal reserves earmarked for the South African market,...
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This is the original report which pioneered the concept of the 'Carbon Bubble'. This award-winning analysis by Carbon...
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