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Carbon bubble will plunge the world into another financial crisis report
2013-04-19 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The world could be heading for a major economic crisis as stock markets inflate an investment bubble in fossil fuels to the tune of trillions of dollars, according to leading economists. "The financial crisis has shown what happens when risks accumulate unnoticed," said Lord (Nicholas) Stern, a professor at the London School of Economics. He said the risk was "very big indeed" and that almost all investors and regulators were failing to address it. The so-called "carbon bubble" is the result...
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Category:Electronics and Electrical