Achieving Net-Zero: Reframing Climate Change as a Supply Side Issue

Hear from Mark Campanale, Founder of the Carbon Tracker Initiative, as we dive into the strategies being used to align financial markets to a net-zero economy.

Global financial markets play a major role in addressing the challenges of climate change. But is the financial system equipped with the right tools to progress the net-zero transition with the urgency that is required? Are current strategies, such as the TCFD disclosures framework and the EU Taxonomy likely to get us to net-zero, or do we need to think more radically?

In this episode of the Climate Risk Podcast, guest Mark Campanale shares his thoughts on the latest developments in the world of sustainable finance, including:

• Why focusing on disclosures only addresses one part of the sustainable finance issue
• The limitations of demand-side policy interventions and the need for supply-side restrictions
• What McKinsey & Co. got wrong about the cost of the net-zero transition

Links from today’s discussion:

• The Beyond Oil and Gas Alliance
• The Fossil Fuel Non-Proliferation Treaty
• Carbon Tracker: A Tale of Two Share Issues
• McKinsey & Company: Net-Zero Transition Report
• INET Oxford: Going Big and Fast on Renewables Could Save Trillions
• BloombergNEF: ‘Green’ Hydrogen to Outcompete ‘Blue’ Everywhere by 2030
• InfluenceMap: Lobbying on the EU Taxonomy’s Green Criteria
• Carbon Tracker: ‘Flying Blind’ Report – Look out for GARP’s upcoming webcast with the report’s author, Barbara Davidson.

Speaker Bio

Mark Campanale – Founder and Executive Chairman of the Carbon Tracker Initiative

Mark is the Founder of the Carbon Tracker Initiative and author of the “unburnable carbon” thesis. More recently, Mark has co-founded Planet Tracker, focusing on natural resource-based industries, and Industry Tracker, focusing on the materials sector.

Prior to forming these groups, Mark had 25-years’ experience in sustainable financial markets, working for several major asset managers.  He is a co-founder of some of the earliest responsible investment funds, firstly at Jupiter Asset Management in 1989 with their ‘Ecology Funds’, and then with Henderson Global Investor’s ‘Industries of the Future’ Funds.

Mark has also served on many different sustainable finance forums, including the World Business Council for Sustainable Development, leading up to the 1992 Earth Summit. Mark is also a Visiting Lecturer at the University of Cambridge’s Institute for Sustainability Leadership.