Change the Rules of the Game
Companies and investors need clear policies that reward sustainability performance. our capital market structures are biased towards short-term financial performance. The lack of carbon-reducing regulations in the U.S. for example has allowed companies to emit greenhouse gases at no cost, thus rewarding big emitters and penalizing more efficient businesses. Far greater sustainability gains can be achieved if smart policies are adopted that send clear market signals encouraging clean solutions with a long-term perspective.
Ceres will advocate for more sustainable policies in the U.S. and around the world as well as build investor and business support for policies and regulations that reduce sustainability risks and protect long-term interests.
How We Will Get There:
- Build business leader support for national and global climate and energy policies.
- Gain passage of a new international climate treaty, including a binding reduction target based on the latest scientific findings by the internationally-recognized IPCC.
- Eliminate tax incentives and government subsidies for fossil fuel technologies and carbon-intensive projects.
- Gain passage of energy efficiency policies to double the historic rate of efficiency improvements and national renewable policies so that at least 20 percent of the nation's electricity comes from renewable power by 2020 and 30 percent by 2030.
- Gain passage of national climate change legislation to achieve a reduction in GHG emissions of at least 25 percent below 1990 levels by 2020 and 80 percent by 2050.
TXU's Expansion Proposal: A Risk for Investors
Feb 06, 2007
- February 2007 - The report concludes that TXU's investors &mdash whether as public shareholders or private investors - will face a multitude of financial risks if the company moves forward with its plans to build 9,000 megawatts of pulverized coal-fired capacity. The report cites construction cost over-runs, burdensome regulatory costs as climate regulations take hold and a slowing of power demand in Texas as state legislators aggressively push energy efficiency and other energy-saving programs.
Climate Risk and Energy in the Auto Sector
Apr 06, 2006
- April 2006 - The report, Climate Risk and Energy in the Auto Sector - Guidance for Investors and Analysts on Key Off-balance Sheet Drivers, highlights key findings from an auto analyst briefing where Wall Street analysts, institutional investors, and auto industry experts gathered to discuss the impacts of high oil prices, fuel efficiency and foreseeable climate change regulations on the future of the auto industry. The Ceres report analyzes several key trends that could affect the valuation of auto companies' securities.
Availability and Affordability of Insurance Under Climate Change: A Growing Challenge for the U.S.
Dec 06, 2005
- December 2005 - This Ceres report focuses on the growing risks that U.S. insurers, government and consumers face from climate change. The report, which includes specific recommendations for addressing this growing insurance challenge, was published in advance of an upcoming meeting of the National Association of Insurance Commissioners at which time the NAIC will be examining the implications of climate change on the industry.
Climate Change Risks and the SEC: Summary Report
Oct 01, 2004
- October 2004 - Four-dozen participants from public pension funds, business, nonprofits, government, foundations, the United Nations and academia considered the risks climate change poses to companies and investors, the quality of existing climate risk disclosure, and measures the SEC could take to improve it.
2003 Institutional Investor Summit on Climate Risk Final Report
Dec 01, 2003
- Major pension fund managers and institutional investors, along with representatives of leading Wall Street fund management firms, met for the first time to consider the potential risks to their portfolios posed by climate change at the Institutional Investor Summit on Climate Risk at the United Nations on November 21, 2003. This report reviews what participants discussed.