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Carbon bubble risk reinforces case for fossil fuel divestment

2014-03-08 11:37:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: Two new reports have strengthened the case for fossil fuel divestment, arguing that polluting energy assets fuel a 'carbon bubble` in Europe and that moving away from fossil fuels does not harm investment portfolios. One study by the Greens-European Free Alliance (EFA) analyses carbon exposure of the top 43 European banks and pension funds. It found out that in order to limit the risks posed by the carbon bubble a term that refers to the overvaluation of fossil fuels assets, given the need...

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