Title:
Decarbonizing Financial Portfolios: Risks, Opportunities, and Impact on the Energy Industry and Climate Change
Abstract:
To keep global warming under 2°C, most of the existing carbon reserves can not be burned. Our rapidly depleting carbon budget frames a stark contrast between a safe climate future and continued fossil fuel production. This presentation traces the legitimization of a carbon-constrained future in two disparate but interrelated realms - social movements and the financial sector. The lecture will discuss the risks and opportunities of decarbonizing financial portfolios as well as the impact of the fossil fuel industry, the renewable energy industry, and climate change.
Bio:
Presented by Truzaar Dordi and Olaf Weber.
Truzaar Dordi is a doctoral candidate in Sustainability Management at the University of Waterloo, working in the fields of climate finance, energy policy, and risk governance. His research examines financial system stability along a low-carbon transition. Truzaar is a WISE energy policy research fellow awarded for his work on financial stability.
Olaf Weber is a professor and University Research Chair in Sustainable Finance at the School of Environment, Enterprise and Development (SEED), University of Waterloo, and a member of WISE. His research addresses sustainable finance, divestment, and sustainable finance regulations and guidelines.