Achieving carbon neutrality by 2060 will require radical changes. Formidable challenges lie ahead, but also investment opportunities with renewables, electric vehicles and energy storage set to benefit. [vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Jie%20Lu%22%2C%22job_role%22%3A%22Head%20of%20investments%2C%20China%2C%20Robeco%20(China)%22%2C%22content%22%3A%22Jie%20Lu%20is%20Head%20of%20Investments%20China%20in%20the%20Asia%20Pacific%20team.%20Before%20joining%20Robeco%20in%202015%2C%20he%20worked%20at%20Norges%20Bank%20Investment%20Management%20as%20a%20Portfolio%20Manager%20in%20Shanghai%20from%202011%20to%202015%2C%20and%20as%20an%20Analyst%20in%20Hong%20Kong%20from%202009%20to%202011.%20Prior%20to%20that%2C%20he%20worked%20at%20the%20M%26A%20department%20of%20Morgan%20Stanley%20Asia.%20Jie%20started%20his%20career%20at%20Motorola%20in%202000%20and%20is%20a%20native%20Mandarin%20Chinese%20speaker.%20He%20holds%20an%20MBA%20with%20Distinction%20in%20Finance%20and%20Marketing%20from%20Northwestern%20University%20in%20the%20US.%20He%20also%20holds%20a%20Master%E2%80%99s%20in%20Electrical%20Engineering%20and%20Computer%20Science%20from%20the%20University%20of%20Illinois%20and%20a%20Bachelor%E2%80%99s%20in%20Biochemistry%20from%20Fudan%20University%20in%20China.%22%2C%22image%22%3A%2245831%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fjie-lu-311a37%2F%22%7D%5D” title=”Speaker” el_class=””][vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Stephen%20Kotkin%22%2C%22job_role%22%3A%22Professor%20in%20History%20and%20International%20Affairs%2C%20Princeton%20University%20(United%20States)%22%2C%22content%22%3A%22Professor%20Kotkin%20received%20his%20PhD%20from%20the%20University%20of%20California%2C%20Berkeley%20in%201988%2C%20and%20has%20been%20a%20professor%20at%20Princeton%20since%201989.%20He%20is%20also%20a%20senior%20fellow%20at%20the%20Hoover%20Institution%20at%20Stanford%20University.%5CnAt%20Princeton%20Professor%20Kotkin%20teaches%20courses%20in%20geopolitics%2C%20modern%20authoritarianism%2C%20global%20history%2C%20and%20Soviet%20Eurasia%2C%20and%20has%20won%20all%20of%20the%20university%E2%80%99s%20teaching%20awards.%20He%20has%20served%20as%20the%20vice%20dean%20of%20Princeton%E2%80%99s%20Woodrow%20Wilson%20School%20of%20Public%20and%20International%20Affairs%2C%20and%20chaired%20the%20editorial%20committee%20of%20Princeton%20University%20Press.%20Outside%20Princeton%2C%20he%20writes%20essays%20and%20reviews%20for%20Foreign%20Affairs%2C%20the%20Wall%20Street%20Journal%2C%20and%20the%20Times%20Literary%20Supplement%2C%20among%20other%20publications%2C%20and%20was%20the%20regular%20book%20reviewer%20for%20the%20New%20York%20Times%20Sunday%20Business%20section%20for%20many%20years.%20He%20serves%20as%20an%20invited%20consultant%20to%20defence%20ministries%20and%20intelligence%20agencies%20in%20multiple%20countries.%20His%20latest%20book%20is%20Stalin%3A%20Waiting%20for%20Hitler%2C%201929-1941%20(Penguin%2C%202017).%20His%20previous%20book%20was%20a%20finalist%20for%20the%20Pulitzer%20Prize.%22%2C%22image%22%3A%2245822%22%2C%22linkedin%22%3A%22%22%7D%5D” title=”Moderator” el_class=””][vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Jen%20Bishop%22%2C%22job_role%22%3A%22Head%20asset%20allocation%2C%20Coal%20Pension%20Trustees%20(United%20Kingdom)%22%2C%22content%22%3A%22%22%2C%22image%22%3A%2246372%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fjennifer-bishop-cfa-502b1714%2F%22%7D%5D” title=”Investor Response” el_class=””][vc_empty_space height=”10px”]
Do you expect China’s pledge to carbon neutrality to result in an intensification of the tech war between China and the US, given the likely scramble for new technologies that will be needed to make the energy transition?[vc_line_chart x_values=”” values=”%5B%7B%22title%22%3A%22Yes%22%2C%22y_values%22%3A%2265%22%2C%22color%22%3A%22blue%22%7D%2C%7B%22title%22%3A%22No%22%2C%22y_values%22%3A%2217%22%2C%22color%22%3A%22pink%22%7D%2C%7B%22title%22%3A%22Unsure%22%2C%22y_values%22%3A%2217%22%2C%22color%22%3A%22sandy-brown%22%7D%5D”]
Research from Princeton University plots a Blueprint for how the US can achieve net zero emissions in the next decade showing the key is overcoming execution challenges including the infrastructure deployment and the mobilisation of capital and labour.
Poor corporate sustainability disclosure and the absence of global standards is now a systemic risk for investors, said panellists at Sustainability in Practice which included chief governance and compliance officer at Norges Bank, Carine Smith Ihencho.
Mass PRIM is involved in an MIT initiative to improve ESG with better data, ratings and ultimately products. Executive director and CIO, Michael Trotsky, explains how the ambiguity around ESG ratings creates acute challenges for investors trying to achieve both financial and social return.
A joint report by the International Energy Agency and the Centre for Climate Finance & Investment at Imperial College examines the risk and return proposition in energy transitions. Across all portfolios examined, renewable power generated higher total returns relative to fossil fuel.
AP4’s head of alternatives Jenny Askfelt Ruud discusses how the pension fund integrates sustainability in its alternatives portfolio which includes avoiding investments in some sectors in line with its decarbonisation strategy and investing in sustainability themes by finding companies that are driving the transition with new technologies and services.
Scenario analysis shows that the ability of pension funds to pay their pensions will be severely impacted by climate. But a discussion between asset owners at Sustainability in Practice revealed the challenges in the process.
Policy makers response is the next pivotal step in sustainable investmen according to Victor Verberk, CIO fixed income and sustainability at Robeco. He predicts that policy makers reaction will appear via taxes or import tariffs with a “devastating impact” on companies that will create winners and losers.
Leave a Comment
You must be logged in to post a comment.
Login