Reja Sabet’s Post

JPMorgan Chase & Co. calls for a “reality check” as the world navigates the transition to renewable energy sources. Their insight suggests that achieving net zero targets may take generations, writes Financial Times. Also, Wood Mackenzie highlights a critical concern: higher interest rates could amplify the challenges and costs associated with transitioning to a net zero global economy. These perspectives underscore the need for strategic foresight and collaborative efforts to ensure a sustainable energy future. #EnergyTransition #NetZero #FossilFuel #Sustainability #Geopolitics https://lnkd.in/dkJmPTnd

𝙅𝙋𝙈𝙤𝙧𝙜𝙖𝙣 𝙒𝙖𝙧𝙣𝙨 𝙤𝙛 𝙉𝙚𝙚𝙙 𝙛𝙤𝙧 ‘𝙍𝙚𝙖𝙡𝙞𝙩𝙮 𝘾𝙝𝙚𝙘𝙠’ 𝙤𝙣 𝙋𝙝𝙖𝙨𝙞𝙣𝙜 𝙊𝙪𝙩 𝙁𝙤𝙨𝙨𝙞𝙡 𝙁𝙪𝙚𝙡𝙨 JPMorgan Chase & Co. has issued a stark warning about the global transition from fossil fuels to renewable energy, suggesting that achieving net-zero targets may span generations rather than years. According to their latest global energy strategy report, factors such as increased interest rates, growing government debt, and complex geopolitical scenarios have fundamentally altered the economic landscape, making the hefty annual investment of $3tn to $4tn more daunting. The report also highlights recent setbacks in renewable energy investments, yielding subpar returns and potentially risking social unrest if energy prices spike. These challenges have led to countries and corporations, including major oil companies and tech giants, scaling back or adjusting their climate targets. Despite these challenges, JPMorgan acknowledges the ongoing shift in energy demand, especially from developing nations aspiring to enhance living standards through increased energy consumption. This demand is expected to significantly pressure existing energy systems and governmental frameworks. The discourse is further enriched by contrasting views from energy experts like Kingsmill Bond, who argue that renewable energy remains a more cost-effective and efficient solution than fossil fuels. This suggests a continued shift towards renewables in global energy infrastructure. This nuanced dialogue underscores the complex interplay between economic, environmental, and social factors influencing the pace and feasibility of the global energy transition. #EnergyTransition #RenewableEnergy #FossilFuels #ClimateChange #Sustainability #JPMorgan https://lnkd.in/g3FQx_dk

A practical perspective that’s sustainable will revolve around intentional but “climatic awareness” of the development of fossil fuel while simultaneously developing non- fossil sources of energy. In the big picture, they have to complement each other

In a comprehensive analysis by JPMorgan Chase, the pressing need for a global energy transition has been underscored, emphasizing the challenges and complexities inherent in such a monumental shift. Led by Christyan Malek, the head of JPMorgan's World Head of Energy Strategy, the report identifies key hurdles, including inflation, geopolitical tensions, and the economic implications of #Energy #GreenEnergy #UnitedStatesUSA

Net Zero: an unavailable dream! JPMorgan sais it, as developing Countries evolve, so is their demand in energy to support their increase of standard of living. Electricity powers this economic transition and you still cannot produce a base load with wind and solar. The economic alone will put pressure on government to adapt their emissions targets. #netzero #ghg #jpmorgan #trudeau https://lnkd.in/efszSCjC

CHALLENGE: Closing 270-MW coal-fired power plant 10yrs earlier while compensating investors for lost revenue without killing jobs and while increasing renewable energy generation in the #phillipines SOLUTION: At the "heart of a bold financial experiment that could usher in a new form of climate finance led by The Rockefeller Foundation with the Monetary Authority of #singapore using a new form of #carboncredits in Nikkei Asia https://lnkd.in/eW7qcmXA

In case you missed it.... Here's all the latest news that's hitting the carbon markets last month: 🌎 The VCMI released an updated version of its Claims code of Practice, brining clarity to the #CarbonMarket and the future of offsets: https://lnkd.in/e_a_bqep 🌎 JPMorgan added "low-carbon power" to the list of ways it calculates the environmental impact of its energy funding: https://lnkd.in/eHUhAuKz 🌎 EU carbon markets continue to deliver emission reductions: https://lnkd.in/ebCRVk99 🌎 Carbon road mapping" is becoming the next big thing, helping business form an action plan for delivering net zero: https://lnkd.in/eTB5P9Qk 🌎Capital market experts S2G Ventures published an analysis of todays carbon market, discussing the landscape and delivering actionable next steps: https://lnkd.in/ef2vNST2 🌎 Oil giants BP are seeking partners for renewable projects seeking to expand in low carbon energy as part of a long-term business model to survive the global transition from fossil fuels. https://lnkd.in/eeJjVUTi #carbonmarkets #weareonetribe #carbonweekly #vcm

With major institutions like HSBC and Standard Chartered weighing in on  #TransitionCredits, they could present a huge opportunity. Learn more on our blog about this project type and how it could help fuel a clean energy transition💡🌍 https://lnkd.in/eNYJJvw3  #energytransition #climatefinance #netzero

The #global clean #energy #industry is thriving, propelled by strong #commitments from #governments and #corporations towards #sustainability. Fund Manager Will Argent, CFA from Gravis explored the short-term #challenges and long-term #opportunities here: https://ow.ly/GIa150QmWJZ #investmentmanagement #ESG #cleanenergy

To limit #globalwarming to within 1.5°C, total global emissions need to be reduced by 43% in the next seven years and by at least 60% by 2035.           #SDG13 reminds us all to take urgent action to combat #climatechange and its impacts.   Finance is critical to scale up #renewableenergy, harnessing key technologies such as offshore #windenergy. BNP Paribas Low-Carbon Transition Group teams have been active in supporting the development of the world’s largest offshore wind farm, set to provide enough #cleanenergy to power six million UK homes. https://bnpp.lk/0BwRQE   Why not learn more about how the Bank is working with United Nations Joint SDG Fund and 🔌 AY Young to support multiple initiatives across the SDG spectrum: https://bnpp.lk/0BOezE   #bnppsdg