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Financing the responsible retirement of polluting assets: Can a just transition be profitable?
In order to meet the temperature goals of the Paris Agreement, the IPCC estimates that emissions have to peak at the latest before 2025 and radically reduce thereafter. At the moment, the projected emissions of existing and planned fossil fuel infrastructure are likely to exceed net emissions of 1.5C pathways. Beyond retrofitting and decarbonising existing infrastructure through the use of renewable fuels and gases, this raises the question of how to incentivise the early retirement of polluting assets, where existing price signals are insufficient to mobilise private capital and therefore additional intervention is required. The purpose of this session is to discuss the challenges of early retirement and potential solutions to the problem.
