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United Kingdom: 'Carbon bubble' threatens stock markets, say MPs

2014-03-10 10:28:00| Climate Ark Climate Change & Global Warming Newsfeed

BBC: The world's financial markets could be creating a "carbon bubble" by over valuing the fossil fuel assets of large companies say MPs. Much of this coal and oil may have to be left in the ground to combat climate change, according to the Environmental Audit Committee (EAC) The Committee also hits out at the lack of green finance. Less than half the 200bn needed to deliver emissions cuts by 2020 is in place they say. A number of studies in recent years have warned that stock markets around...

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