Speakers
Laura Garcia Cancino
Columbia Center on Sustainable Investment (CCSI)
Conal Campbell
Ember
Lorne Stockman
Oil Change International
Financial institutions are making progress in defining decarbonization objectives and strategies. However, these efforts often focus solely in CO2 emissions or, at best, on CO2 equivalent emissions. As a result, they miss a golden opportunity for climate change mitigation: methane emissions. Methane is a short-lived but powerful greenhouse gas, whose contribution to global warming is second only to that of CO2. This offers a rapid and effective means of tackling global warming in the short term, which is essential for limiting the risk of crossing irreversible climate change tipping points in the decades to come.
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In the first part of this webinar, we will look at why financial institutions should set separate targets and report their emissions separately for CO2 equivalent and individual greenhouse gasses such as methane -one of the recommendations of the UN High-Level Expert Group on net zero. In particular, we will examine why, despite its advantages, CO2 equivalent measurement overshadows progress towards the various targets linked to the specific greenhouse gasses emitted.
In the second part of the webinar, we will explore how the fossil fuel industry can reduce nearly a third of its global methane emissions at no net cost. This is fundamental, as it enables financial institutions to demand that fossil fuel companies in their portfolio adopt ambitious methane emission reduction plans, which would complement measures such as reducing fossil fuel production and mitigating remaining greenhouse gas emissions.
This is a private event reserved for financial institutions.
