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This RiskFinPorto ... leaving the bubble.

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(1)RiskFinPorto 1. 1. 1. 2. ... leaving the bubble. 3. 4. 5. 6. 1. Offenthaler I , Kunesch S , Glas N , Günsberg G , Rattay W , Schanda R , Monasterolo I , Lutz V , Schreiber H , Jorisch D 1. Umweltbundesamt GmbH, 2. georgünsberg, 3. green_alpha, 4. Sattler & Schanda, 5. Wirtschaftsuniversität Wien, 6. ISS climate, 7. south pole. 7 Funding: Klima- und Energiefonds through the Austrian Climate Research Programm ACRP. This is a carbon bubble.. max + 2 °. Art 2.1 c Paris Agreement:. […] making finance flows consistent with a pathway towards low greenhouse gas emissions and climateresilient development.. A carbon bubble is the overvaluation of companies which depend on fossil energy production. Such assets dwindle with fossil demand … ! p o p … the bubble pops. This is a 100 trillion dollar pop Citigroup sees $100 trillion of stranded assets if Paris succeeds (RenewEconomy, 25 August 2015). 5. Eat Invest Lo-Carb. f o t u o g n i l l u divestment: p vestments n i y v a e h G GH. Q: So, divestment protects both climate and portfolio, right? I’m an investor: what’s the deal?. POP!. p U e z i S k . s i 4 R Lose Portfolio Risk r u s o b Y r In 5 Easy a C t Steps! n u o. Is it the dependency on fossils? Or will regulation curb CO2 emission per unit production? Is there anything, like, a my taxonomy to guide o i l o f Port enterprises?. What´s the risk—and from which angle?. 1. Be Aware. n i t bes g risk spreadin expl i safe cit rule of ca ob guar utio din lig n g du ato ty ry ris k m an ag em en t. §. So climate change is not an risk any abstract future longer. But there's a (rather) € new facet to it, at least for the financial market: profits from burning fossils are at stake―as a regulatory means to curb CO2 emissions.. s e r te. Ro im o m pr s o v fo em r en t. Regulation can help pull out of fossil investments. Especially while divestment is still considered a “mere” morale rather than fiduciary obligation.. Here's some approaches r e d to legislative support l o h t i n we've scouted so far ... u f to. §. 2015. 2020. 2025. 2030. “The dominating strategy seems to be waiting things out [...], not daring to move first” 2018 online survey among Austrian actors on the financial market. dency. carbonated: from standard to poor. If climate change gives you lemons, divest them and mix a portfolio!. performance S & P 500 Composite. co2gnitive gaps:. S & P ES Energy (fossil shares). Q: Won't my fossil competitors make the race in the short run? y r r o w #1. Accord de Paris. A: Not quite. The major S&P 500 Composite index clearly outcompetes its fossilinvested ES Energy companion.. nd. “Divestment”, “2 round effects”, “decarbonization” … are these terms known and relevant among market actors? Are actors aware at all?. 100 % of actors from the Austrian financial market. agree that risks (and opportunities) of climate change require foresightful management. 2010. depen. .. w. wT. 2. K. no. key legislation. fossil. tc. C. 3.. 14064. he. La. ISO. §. l. Currently, different methods can hamper comparability. But harmonisation is on its way… and carbon intensity looks promising.. §. Protoco. 2. 2. carbon intensity. §. GHG. 2. Actors / stakeholders are involved throughout the project … to wrap it all up into relevant and actionable recommendations.. risky by all measures. Carbon-aware investment needs disclosure of the (fossil) CO2 released by the companies invested in.. §. = RiskFinPorto project outcome. With all those insights gained, and more to come—how will actors benefit?. 90 %. are aware that climate change and the transition to a low carbon society may expose their business to higher risks. 33 %. have already taken countermeasures ... or report subject-matter management initiative. #1 worry: costs / competition. RiskFinPorto 2018 online survey among Austrian actors on the financial market.

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