The Dow Jones Coal Index dropped 93 per cent over the past five years. Peabody Energy, the largest private-sector coal company in the world, filed for Chapter 11 bankruptcy protection this April, following Arch and Alpha. The report said coal, which accounts for over 40 per cent of global greenhouse gas emissions is declining rapidly in value, especially in the United States. The Clean200 ranks the largest publicly listed companies by their total clean energy revenues, "with a few additional screens to help ensure the companies are indeed building the infrastructure and services". Where the Carbon Underground 200TM (which evolved from the Carbon Tracker Initiative report, Unburnable Carbon: Are the World's Financial Markets Carrying a Carbon Bubble), ranks the largest publicly listed companies by the carbon intensity of their coal, oil, and gas reserves. The report said it is intended as the clean energy inverse of the Carbon Underground 200TM. The Carbon Clean 200 (Clean200TM)-a list of the 200 largest companies worldwide was created based on their total clean energy revenues. COP21 refers to 21st annual Conference of the Parties in Paris from November 30 to December 11 2015. "Over the past five years, and growing dramatically leading up to and post-Paris COP21, a movement of institutional and individual investors representing more than $3.4 trillion in assets under management have divested a portion of their fossil fuel investments and committed to divesting the balance in the next five years," the Carbon Clean 200: Investing in a Clean Energy Future said in a report released on Wednesday. Besides, IDFC Ltd is at 155 for its green infrastructure financing and Havells India at 166 for energy meters.įour Indian companies - Godrej Industries, NHPC Ltd, SJVN, and Bharat Electronics - have moved out of the rankings for being laggards and being utilities producing less than 50 per cent green energy. Thermax Ltd is at 139 and Exide Indus at 153 for electric storage batteries. The ranking has been done by As You Sow and Corporate Knights.Īmong Indian companies are Suzlon Energy at 68 rank for its wind farms, Bharat Heavy Electricals Ltd at 106 for its wind electric generators and solar cells, and Tata Chemicals at 114 for chemicals for biodiesel, solar energy, and fuel cells. The list is topped by Japan's Toyota Motor followed by Germany's Siemens AG. Seven Indian companies have made it to a carbon-clean list of 200 largest companies worldwide ranked by their total clean-energy revenues.
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