Topic: Asia Investor Group on Climate Change

Asia Investor Group on Climate Change response to Japan’s commitment to net zero emissions by 2050

26 October 2020

In response to Prime Minister Yoshihide Suga’s commitment to a 2050 net zero emissions goal for Japan, Asia Investor Group on Climate Change (AIGCC) Executive Director, Rebecca Mikula-Wright, said: “Japan’s commitment to achieving net zero emissions by 2050 is great news for the planet and Japanese companies, which stand to benefit from the fresh investment that strong action on climate change will help create.

Global investor groups call on companies to reflect climate-related risks in financial reporting

16 September 2020

  • Investors are concerned that companies risk overstating financial statements by failing to include the effects of climate change on profits and assets
Major investor groups from around the world and representing assets worth over $US103 trillion have released an open letter on accounting standards calling on companies and auditors to fully reflect the effects of climate change in their declared results.

Climate Action 100+ calls for net-zero business strategies and sets out benchmark of largest corporate emitters

14 September 2020

  • Letter sent to CEOs and chairs of the board at 161 global companies sets out benchmark and calls on firms to commit to net-zero business strategies.
  • Initiative, involving over 500 global investors with over $US47 trillion in assets, to assess company progress in line with net-zero transition against 30 indicators.
The Climate Action 100+ Steering Committee is writing to 161 CEOs and chairs of the board for the world’s largest greenhouse gas emitting companies, calling on the businesses to put in place net-zero business strategies and define targets to support delivery.

中央銀行の気候変動シナリオ − パリ協定の目標達成には、日本のエネルギーミックスの早急な脱炭素化が必要 −

23 August 2020

中央銀行の世界的なネットワークによって作成された気候変動シナリオによると、パリ協定の目標を達成するには、日本のエネルギー市場は現行の基本計画よりもはるかに迅速に脱炭素化する必要があることが、気候変動に関するアジア投資家グループ(AIGCC:Asia Investor Group on Climate Change)が新たに実施した分析で明らかになった。 また、この気候変動リスク等に係る金融当局ネットワーク(NGFS: Network of Central Banks and Supervisors for Greening the Financial System)による気候変動シナリオは、パリ協定の目標達成には、アジアのエネルギーセクター全体で2050年までに毎年3,300億米ドルの追加投資が必要となることを示唆している。 NGFSによって6月に公表された同シナリオは、地球温暖化を放置することによって生じる可能性のある社会経済的な影響に加え、パリ協定に沿ったネットゼロエミッションへの秩序だった移行および無秩序な移行のシナリオを提示している。同ネットワークには、中国や日本、韓国などのアジア主要国の中央銀行ならびに金融監督当局が関わっている。 メディアリリース全文を読む ポリシーブリーフィングを読む

Meeting Paris Agreement goals requires accelerated decarbonisation of Japanese energy market: central bank climate scenarios

23 August 2020

Climate change scenarios prepared by a network of global central banks shows that Japan’s energy market will need decarbonise more rapidly than under current policies to meet the Paris Agreement goals, new analysis by the Asia Investor Group in Climate Change (AIGCC) finds. The climate change scenarios developed by the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) also suggests that achieving the Paris Agreement will require an additional US$330 billion in annual investment up to 2050 across the entire Asian energy sector.

New scenarios and analysis by the world’s central banks show an early and orderly transition to net-zero emissions will significantly lessen the economic hit from climate change

25 June 2020

In response to the release of climate change scenarios and an inquiry into the potential macroeconomic impacts of climate change by the world’s central banks working through the Network for Greening the Financial System, Rebecca Mikula-Wright, Director of the Asia Investor Group on Climate Change, said: “These scenarios prepared by the world’s central banks, including many from Asia, clearly demonstrate climate change is a systemic economic threat that will significantly undercut our prosperity and job security.

International investor networks encourage South Korean Government to seize net zero emissions growth opportunities with revised Paris pledge

25 June 2020

International investor networks, whose members and signatories have assets under management worth hundreds of trillions of won, have written to President Moon Jae-in of South Korea encouraging his government to formalise enhanced climate commitments in a revised Nationally Determined Contribution (NDC) under the Paris Agreement and capitalise on investment and jobs in net zero emissions technologies and infrastructure.

New scenarios and analysis by the world’s central banks show an early and orderly transition to net-zero emissions will significantly lessen the economic hit from climate change

19 May 2020

In response to the release of climate change scenarios and an inquiry into the potential macroeconomic impacts of climate change by the world’s central banks working through the Network for Greening the Financial System, Rebecca Mikula-Wright, Director of the Asia Investor Group on Climate Change, said: “These scenarios prepared by the world’s central banks, including many from Asia, clearly demonstrate climate change is a systemic economic threat that will significantly undercut our prosperity and job security.

International investor groups call for governments to work towards a sustainable recovery from COVID-19

4 May 2020

International investor groups, including the Asia Investor Group on Climate Change (AIGCC), have encouraged global governments to ensure they are planning for a sustainable recovery from the COVID-19 pandemic by factoring in climate change risk into economic recovery plans. The global statement, which has been sent to G20 countries and others, reinforces that governments’ first priority amid the COVID-19 pandemic is to save lives and provide financial relief to support the most vulnerable.

AIGCC Response to Japan’s Revised Nationally Determined Contribution Under the Paris Agreement

30 March 2020

In response to Japan’s release of a revised Nationally Determined Contribution under the Paris Agreement, Director of the Asia Investor Group on Climate Change, Rebecca Mikula-Wright, said: “It is discouraging to see that Japan’s revised pledge under the Paris Agreement contains no immediate commitment to greater emissions reductions. In February, global investor organisations wrote to Prime Minister Abe encouraging Japan to create a positive signal for new investment by setting a more ambitious short-term emissions reduction target by 2030 and setting a clear pathway towards zero emissions.