India Makes Headlines With Net Zero Pledge, France May Have Last Laugh

India Makes Headlines With Net Zero Pledge, France May Have Last Laugh
geralt / Pixabay

India has pledged to be at Net Zero emissions by 2070 – but pledges won’t go far enough toward curbing global carbon emissions, says SAGE Advisory’s ESG Analyst Andrew Poreda.

Get Our Activist Investing Case Study!

Get the entire 10-part series on our in-depth study on activist investing in PDF. Save it to your desktop, read it on your tablet, or print it out to read anywhere! Sign up below!

Q3 2021 hedge fund letters, conferences and more

Gates Capital Management Reduces Risk After Rare Down Year [Exclusive]

Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More

“Pledges are nice, but when you see what is happening in places like Europe or China with respect to energy consumption it should be clear that we all have a long way to go in crafting a viable path towards Net Zero. It takes only one country for Net Zero to fall apart,” says Poreda. 

Smaller countries around the world see Net Zero as a critical component toward solving the climate challenge.

Europeans have out-pledged the U.S. when it comes to climate change, but even within Europe, there are challenges. Germany is one of the top users of coal from a per capita perspective and now have some of the highest electricity prices in the world and are now at the mercy of countries like Russia for their energy needs.

France Will Have The Last Laugh

But, Poreda says there is one bright spot in Europe which more countries around the world should be looking to as they try to move toward Net Zero.

“I believe France will have the last laugh when it comes to seeing which country leads the way towards achieving Net Zero. When others were aggressively abandoning nuclear power, France remained committed to the technology, and now they seem to be perfectly positioned for an affordable path towards Net Zero,” says SAGE Advisory’s Poreda. 

If you’d like to speak with SAGE’s Andrew Poreda about why building more wind turbines and other renewable energy sources will make it challenging for countries to get to Net Zero and why nuclear energy has been sidelines at COP26, we’d be happy to set up an interview with Andrew.

No posts to display