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Report Finds that Electric Utilities Are Unprepared for Carbon Regulation
A new report by the Carbon Disclosure Project finds that disclosure by electric utilities on greenhouse gas emissions has improved, but falls short of the demands of a low carbon economy.
The urgency of a global transition to a low carbon economy is no longer in doubt, and companies that address the challenges of the transition are more likely to succeed over the long term. Sustainability investors whose portfolios are designed for long-term growth require clearly articulated disclosure of corporate strategies for addressing the risks and opportunities of climate change.
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The International Energy Agency (IEA) estimates that more than half of electricity output worldwide in 2030 will come from power plants already in operation today. According to a recent report issued by the Carbon Disclosure Project (CDP) and written by RiskMetrics Group, "This underlines the importance of policies that put a price on carbon, slow electricity demand growth, and encourage faster turnover of power generating capital stock."