research Market Intelligence /marketintelligence/en/news-insights/research/identifying-power-leaders-in-the-energy-transition content esgSubNav

In This List

Identifying Power Leaders in the Energy Transition

Case Study

An Asian Resource-Based Manufacturing Company Develops Climate Mitigation Plans in Line with TCFD

Blog

Insight Weekly: US recession outlook; mortgage activity slowdown; climate disclosure push

Case Study

Actions to Reduce Emissions at an Asian Financial Services Firm

Blog

Five ways ESG is transforming traditional credit analysis


Identifying Power Leaders in the Energy Transition

How Are the Leaders Leading?

The commitments of governments, regions, and cities across the globe to reduce carbon emissions are creating transformative times for many industries. Few are facing more change than the global power sector, which is responsible for approximately one-quarter of global greenhouse gas (GHG) emissions. It is expected that renewable electricity will need to increase to 70-85% of supplies by 2050 in order to limit climate change to less than 1.5°C of warming to avoid its worst impacts, with coal-fired power being almost completely eliminated.

A Need for Leadership

Given its size and effect, it is important that the global power sector play a key role in the world’s decarbonization efforts. To recognize progress made on this front, Trucost developed a methodology to identify power companies at the forefront of the energy transition for the S&P Global Platts3 Global Energy Awards; The Energy Transition Award. Trucost developed criteria to recognize the leadership of power companies in the move to a low-carbon, sustainable economy by:

  • Taking steps to report and reduce GHG impacts.
  • Publishing robust targets to improve performance.
  • Aligning with global energy transition commitments.
  • Demonstrating true leadership in innovative ways.

Identifying Power Leaders in the Energy Transition

Read more
Learn more about credit analytics
Click here