strengthening business sectors’ capability to manage material risks and business opportunities arising from climate change, for example, flood, drought and future governmental policies that may affect fossil fuel
................................................................ 44 4.1.7. Marine energy generation ................................................................................. 45 4.1.8. Electricity generation from renewable non-fossil gaseous and liquid fuels
price of crude and finished product to make its downward trend. With demand for fuel consumption declining across the globe, combined with the Organization of Petroleum Exporting Countries [ OPEC] and
as a generation technology as a well as a form of solid, liquid or gaseous fuel. By replacing fossil fuels, the use of biomass/biofuel can reduce GHG emissions in the power, heat and transport sectors
of the virus has caused demand for consumption of fuel around the world to decline with significance. This factor is putting pressure on the price of crude and finished product to drop significantly
://ourworldindata.org/co2-emissions, IPCC climate science report (2021), Climate Action Tracker https://ourworldindata.org/co2-emissions 8 Burning fossil fuels ● Driving / flying ● Making goods ● Growing food
) Covered under section 4.1.5 Not Covered 3. Color your activities Categorize the activities, see if they are in line with green / amber criteria defined in the Taxonomy. Fossil fuel-based activities can
crucial to ensure this infrastructure is not supporting continued fossil fuel electricity generation. At the same time, this infrastructure is vital for the decarbonisation of other sectors. For industrial
green asset for the ASEAN region, and shall not be used for fossil fuel power generation projects The ICMA’s Green Bond Principles (GBP) are voluntary process guidelines that recommend transparency and
flaring Early fossil fuel plant closure Upgrading gas networks for green hydrogen e.g. For Electrical utility: Financing credible transitions Climate Bonds Initiative 2020 3 Who should use the transition