Unburnable Carbon – Are the world’s financial markets carrying a carbon bubble?
The Carbon Tracker initiative is a new way of looking at the carbon emissions
problem. It is focused on the fossil fuel reserves held by publically listed
companies and the way they are valued and assessed by markets. Currently
financial markets have an unlimited capacity to treat fossil fuel reserves
as assets. As governments move to control carbon emissions, this market
failure is creating systemic risks for institutional investors, notably the
threat of fossil fuel assets becoming stranded as the shift to a low-carbon
economy accelerates.
Publication Date: 2010
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