Note: Due to the COVID-19 pandemic, this luncheon has been postponed. More details will be available later.
Climate Change for Insurers
Insurance companies know as no other organisation that climate change is making its presence voraciously known. After a summer of raging bushfires and storms, the Insurance Council of Australia had to declare no less than six catastrophes in five months’ time.
But besides the large amount of claims that have come through, climate change also affects insurers’ investments, as tail risks rise and listed companies run the risk of clinging to unviable business models.
Tackling the Energy Transition through Investments
In this presentation, Tim will draw a picture of how the transition to a low-carbon economy is playing out in the energy sector, and address some of the more pressing risks to investors.
Applying the experience he gained in the asset management industry, including 16 years at Citigroup as Head of Equity Research, Tim has observed some concerning developments.
For example, thermal coal is likely to see its market share in the energy sector decline to zero by 2030 – 2050. Therefore, he argues that stranded assets are not just a risk, but can already be found in institutional investors’ portfolios.
About the Speaker
Tim Buckley is a Director of Energy Finance Studies, Australasia at the Institute for Energy Economics and Financial Analysis (IEEFA). In this capacity, Tim analyses the energy market and the risks investors run from investing in this sector. He has 25 years of financial markets experience, specialising in equity valuation, including as a top-rated analyst and as co-founder and managing director of Arkx Investment Management, a high conviction fund manager investing in global, listed clean energy companies.
The Institute for Energy Economics and Financial Analysis (IEEFA) conducts research and analyses on financial and economic issues related to energy. It aims to accelerate the transition to a diverse, sustainable and profitable energy economy and to reduce dependence on coal and other non-renewable energy resources.
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