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MEASURING ENERGY TRANSITION (ET) RISK FOR INVESTORS: DEVELOPING AN ENERGY TRANSITION ASSESSMENT FRAMEWORK FOR EQUITIES AND BONDS

Deliverables

Net impact model tool

An online tool that presents an overview of the company results.

ET Risk Models workshops & webinars

At least three workshops and three webinars on the findings of the WP as well as a minimum of 15 client meetings by Kepler-Cheuvreux and S&P Capital IQ. NB: S&P Capital IQ and Kepler-Cheuvreux are likely to organize a number of additional meetings around the research and their commercial activities more generally. The 15 meetings are listed as a minimum in terms of the funding associated with this project.

Database adoption

At least one mainstream database provider adopts the locked-in / unlockable GHG-emissions data model for their dataset. The activities involve at least 20 consultations with database providers and end users.

Asset@ETRisk workshops & webinars

At least 2 workshops and 2 webinars around the publications, in addition to the presentation of the findings at least two external events, reaching a total target audience of +200 people. The consortium will seek to present the findings in at least one non-consortium country.

ET Risk Concept workshops & webinars

At least 3 workshops and 3 webinars on outputs reaching out +200 stakeholders.

Asset@ETRisk database

Database of locked-in and unlockable GHG-emissions of industrial assets (Asset@ETRisk database). The database, subject to license restrictions, will be made publicly available through the project website.

Reporting template

A standardized reporting template on ET Risk that companies and financial institutions can use to report to key external stakeholders, civil society, and beneficiaries.

ET Risk Scenarios workshops & webinars

2 workshops and 2 webinar

Report of general guidance for scenario analysis and 5 industry reports on its application

Report on general guidance for scenario analysis and 5 industry reports presenting the application of the net impact model to selected companies and applying the net margin impact models to valuations.

1 White Paper on integrating ET risk into credit risk

1 white paper on capturing the ET impact on credit risk models

3x reports on implications for fossil fuel sector

3 10-page reports on implications of the research for the fossil fuel sector.

3x discussion papers on barriers to integrating ET Risk in practices

3 20-page discussion papers on barriers to integrating ET Risk in practices.

ET Risk concept report

50-page report on concept of ET Risk, targeting in particular financial institutions and corporate CIOs.

ET Risk report

A 50-page report on the outcomes of the analysis, specifically the iteration of the two risk scenarios developed in Task 3 & Task 4.

Policy guidance document

A policy guidance document of 20-30 pages on how policy makers can integrate ET Risk into companies and financial institutions reporting requirements.

Summary for policy makers

A policy note summarizing the key results and implications for policy makers.

Asset@ETRisk report

40-50 page report mapping locked-in and unlockable GHG-emissions of industrial assets. The report will provide guidance on the methodological model related to measuring locked-in and unlockable GHG-emissions and present key quantitative results from the guidance.

Publications

Transition risks and market failure: a theoretical discourse on why financial models and economic agents may misprice risk related to the transition to a low-carbon economy

Author(s): Jakob Thomä, Hugues Chenet
Published in: Journal of Sustainable Finance & Investment, Issue 7/1, 2016, Page(s) 82-98, ISSN 2043-0795
Publisher: Informa UK Limited
DOI: 10.1080/20430795.2016.1204847

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