SEARCH
A great gift
for crisis deniers!
Humoring the Horror of the
Converging Emergencies
94 color pages
$24.99 now $15!
Or read FREE online!
Twitter
Ping this story
in social media:
del.icio.us
Digg
Newsvine
NowPublic
Reddit
Facebook
StumbleUpon
|
 |
|
 |
|
 |
|
 |
|
Investing in vapor: financial risks of stranded fossil fuel investments (PDF) http://apocadocs.com/s.pl?1375150200
... The modelling used in previous analyses by Carbon Tracker and the IEA showed that the carbon budget for a 2 degree C scenario would be around 565 - 886 billion tonnes (Gt) of carbon dioxide (CO2) to 2050....
This budget, however, is only a fraction of the carbon embedded in the world's indicated fossil fuel reserves, which amount to 2,860Gt CO2. A precautionary approach means only 20 percent of total fossil fuel reserves can be burnt to 2050. As a result the global economy already faces the prospect of assets becoming stranded, with the problem only likely to get worse if current investment trends continue - in effect, a carbon bubble.
|
|
 |
|
 |
|
 |
[Read more stories about:
economic myopia, bad policy, oil issues, tipping point, carbon emissions, capitalist greed]
This item will appear in our PANIQuiz!
|
 |
|
New!:
| |
|
No reader quips yet -- be the first! | |
|
Got a PaniQuip?
|
|
|
We reserve the
right to reuse, remove, or refuse any entry.
| |
|
|
'Doc Michael says:
|
|
|
 |
I'm banking on the bubble keeping the balloon afloat!
|
|
At least until I can put all my money into tobacco and private militia.
|
|
|
Want to explore more?
Try the PaniCloud!
|
