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Misplaced expectations from climate disclosure initiatives

Ameli, N; Kothari, S; Grubb, M; (2021) Misplaced expectations from climate disclosure initiatives. Nature Climate Change , 11 pp. 917-924. 10.1038/s41558-021-01174-8. Green open access

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Abstract

The financial sector’s response to pressures around climate change has emphasized the role of disclosure, notably through the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures. This Perspective examines two dimensions of the expectations behind transparency and disclosure initiatives: the belief that disinvestment is driven by disclosure; and that investment ‘switches’ from high- to low-carbon assets. We warn about the risk of disappointment from inflated expectations about what transparency can really deliver and suggest some areas that research and public policy should examine to mobilize the required capital to meet climate goals.

Type: Article
Title: Misplaced expectations from climate disclosure initiatives
Open access status: An open access version is available from UCL Discovery
DOI: 10.1038/s41558-021-01174-8
Publisher version: https://doi.org/10.1038/s41558-021-01174-8
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: Carbon and energy, Climate change, Climate-change policy, Energy policy
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > Bartlett School Env, Energy and Resources
URI: https://discovery.ucl.ac.uk/id/eprint/10136925
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