NEO 2020 Climate Scenario:
BNEF has produced a Climate Scenario, to sit alongside its core Economic Transition Scenario. This year, it investigates a clean electricity and green hydrogen pathway to holding temperatures to well below 2 degrees.
This pathway describes a low-carbon future energy economy supplying 100,000TWh of clean electricity by 2050. This is five times all the electricity produced in the world today and would require a power system that is 6-8 times larger in terms of total capacity. Two-thirds of this energy would go to direct electricity provision in transport, buildings and industry, the remaining third to manufacturing hydrogen.
For green hydrogen to supply just under a quarter of final energy we would need 801MMT of fuel and an additional 36,000TWh of electricity – that’s 38% more power than is produced in the world today. Doing this with wind and PV might be cheapest, but it would require 14TW of capacity covering 3.5 million square kilometers – an are
BBVA adds two pioneering climate indexes to its offering for investors Share
BBVA,
which recently launched its line of business ‘Quantitative Investment Strategies’ (QIS) for institutional investors, has augmented its first QIS index family specialized in sustainability, with the incorporation of two pioneering climate indexes of its own creation: ‘Solactive BBVA Climate Action PAB Europe’ and ‘Solactive BBVA Climate Action CTB Europe’.
BBVA is taking its commitment to sustainability one step further, offering investors two new quantitative strategies that will be included in its family of sustainable indexes.
The bank has created two climate indexes, ‘Solactive BBVA Climate Action PAB Europe’ and ‘Solactive BBVA Climate Action CTB Europe’ – both with the European Union (EU) climate benchmark label. This certification includes the EU standards for climate transition portfolios on a superior level and guarantees investors the utmost transpare