IEEFA Research

IEEFA: AIA too important to lag global insurers in coal investment, divestment, and exclusion

IEEFA: AIA too important to lag global insurers in coal investment, divestment, and exclusion

AIA must back their climate pledges

21 December 2020 (IEEFA Asia): Major insurer AIA still holds anywhere between US $4 – 6 billion in coal and coal-fired power assets that if stranded will massively reduce wealth for investors and despite pledging its commitment to three significant global climate accords according to a new report by the Institute for Energy Economics and […]

and December 21, 2020 Read More →

IEEFA update: Global coal power set for record fall in 2019

Long-term decline of unabated thermal coal use becoming increasingly clear

November 25, 2019 (IEEFA) ‒ Coal-fired power used to make electricity is on track for record declines globally in 2019, finds a new briefing note out today by the Institute for Energy Economics and Financial Analysis (IEEFA), the Centre for Research on Energy and Clean Air (CREA) and Sandbag. The note, Global Coal Power Set […]

and November 25, 2019 Read More →

IEEFA update: Why renewables are the solution for Australia

The case for policies that accelerate investing in renewable energy

23 April 2019 (IEEFA Australia) – Renewables are the lowest cost, most sustainable solution to Australia’s energy policy crisis and potentially one of the country’s largest export industries of the future, according to a briefing note published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The briefing note, Why Renewables are the Solution for Australia: […]

IEEFA report: Every two weeks a bank, insurer or lender announces new coal restrictions

IEEFA report: Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100

SYDNEY, February 27, 2019 (IEEFA) – Research from the Institute for Energy Economics and Financial Analysis (IEEFA) today reveals over 100 major global financial institutions have introduced policies restricting coal funding. The report, “Over 100 Global Financial Institutions Are Exiting Coal, With More to Come,” finds global capital is fleeing the coal sector at an electrifying […]

and February 26, 2019 Read More →

More News and Commentary

IEEFA Australia: Captive insurers threaten an orderly coal exit

As insurers retreat, the coal industry is turning to self-insurance

The good news is that coal is rapidly becoming uninsurable. Coal has been one of the largest contributors to climate change in history, and COP26 recently identified its elimination from energy sources as a prerequisite to meet the Paris Agreement’s 1.5℃ warming target. European insurers like AXA, SCOR and Zurich have led the way in […]

UK pension fund, UBS drop ExxonMobil and others over climate issues

BusinessGreen: Nest claims firms have ‘not done enough’ on climate to remain shareholders, in move prompted by UBS Asset Management’s decision to eject firms from ‘climate aware’ fund Government-backed pensions scheme Nest has divested from a string of carbon-intensive fossil fuel companies, including US oil major ExxonMobil and Canada’s Imperial Oil, citing concerns over their […]

December 20, 2021 Read More →

AIA sells off $10 billion in coal holdings, says it has totally exited sector

Dow Jones Newswires: AIA Group Ltd. said Tuesday that it has exited coal investments and made new climate commitments amid rising pressure on the insurance industry to ditch fossil fuels. The Asia-focused insurance giant said that as of October, it had sold coal-related investment holdings of about $10 billion, fully eliminating exposure to coal mining […]

December 7, 2021 Read More →

Trillions of fossil assets potentially stranded, accounting battles loom

Wall Street Journal ($): At the end of 2019, General Motors Co. announced a $1 billion investment to produce a new generation of Chevrolet Colorado and GMC Canyon pickup trucks at its factory in Wentzville, Mo. Just over a year later, GM said it would go all electric by 2035. Analysts are worried that some […]

November 22, 2021 Read More →
IEEFA Poland: PZU’s stance on coal makes no sense either for Paris Agreement or for its shareholders

IEEFA Poland: PZU’s stance on coal makes no sense either for Paris Agreement or for its shareholders

From environmental and business perspectives, PZU still insuring coal is at odds with its share price - and its peers

Poland’s largest insurer, PZU, stands out among European insurers — for the wrong reason. It is conspicuous in still insuring coal when almost all of its European peers are exiting coal. This action goes against all of the objectives of the UN Paris Agreement to phase out fossil fuels by 2050. We know that this […]

New York orders insurers to disclose exposure to climate-related risks

Bloomberg ($): New York State’s financial regulator called on insurers to consider climate-related risks in their business planning and provide related disclosures. The guidance published Monday by the Department of Financial Services directs insurers based in the state to account for their exposure to rising sea levels and climbing global temperatures. That includes disclosing climate […]

November 16, 2021 Read More →

MassMutual to partner with UK’s Low Carbon for power production UK-based Low Carbon and the Massachusetts Mutual Life Insurance Company (MassMutual) have joined forces to build a global renewable energy independent power producer targeting 20GW by 2030. The partnership will also support Low Carbon’s ambition to raise third-party investment funds with the aim of directing capital into large-scale renewable energy infrastructure projects in the […]

November 16, 2021 Read More →

Hartford Financial to speed exit from tar sands investments to year end

Hartford Courant: The Hartford Financial Services Group Inc. announced Tuesday that it anticipates exiting all tar sands investments by Dec. 31, two years ahead of its commitment announced in 2019. The insurance and financial services giant, detailing updated environmental policies on several fronts, also said that it did not expect to exit coal-investment holdings earlier […]

November 10, 2021 Read More →

IEEFA: COP26 – AXA leads by example, accelerating its exit from oil and gas to battle climate change

Now it’s time for the rest of the global insurance industry to do the same

At the COP26 summit, leading global insurance firm AXA announced an important step forward in its strategy to combat climate change. It has considerably extended its restrictions on both investing in and insuring new oil and gas projects. This comes after AXA already established itself as one of the insurance world leaders in combating climate […]

AXA announces it won’t insure oil sands and shale gas projects

S&P Capital IQ ($): Obtaining insurance for oil and gas companies just got a little harder after AXA SA, a global French insurance company, said it would exclude most greenfield exploration and projects involving oil sands and shale gas. AXA’s U.S. operations generated €18.5 billion in 2020 revenue. AXA is the first global insurer to […]

November 1, 2021 Read More →