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Tag: bubble
Carbon bubble makes Australia's coal industry ripe 'for financial implosion'
2013-04-28 22:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Australia's huge coal industry is a speculative bubble ripe for financial implosion if the world's governments fulfil their agreement to act on climate change, according to a new report. The warning that much of the nation's coal reserves will become worthless as the world hits carbon emission limits comes after banking giant Citi also warned Australian investors that fossil fuel companies could do little to avoid the future loss of value. Australia is already the globe's biggest coal exporter...
Tags: makes
industry
financial
carbon
'Carbon bubble' threatens climate negotiations
2013-04-23 21:53:00| Climate Ark Climate Change & Global Warming Newsfeed
New Scientist: This could get awkward. We need to stop burning fossil fuels to avoid the risk of dangerous climate change. But limiting the amount we can burn will take a chunk out of the global economy. A non-binding international agreement is in place to try to limit global warming to 2 °C. If it is to be honoured, we can only burn about a quarter of the planet's existing fossil fuel reserves. A new report from the Carbon Tracker Initiative says this would slash the value of the biggest energy companies...
Tags: carbon
climate
negotiations
bubble
Is there a carbon bubble?
2013-04-22 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
International Herald Tribune: On Monday many people are celebrating Earth Day by admiring the beauty of our planet and by calling attention to the environmental dangers it faces. While the focus is on the planet, economists are warning that carbon emissions could cause grave damage to something else green and dear. The value of carbon-based investments -- many traded publicly -- could implode once governments start seriously curbing emissions, bursting what some have dubbed "the carbon bubble." A report released by the...
Experts Warn: Carbon Bubble Could Worsen Global Economic Crisis
2013-04-19 22:48:00| Climate Ark Climate Change & Global Warming Newsfeed
EcoWatch: The world could be heading for another major economic shock as stock markets inflate an investment bubble in fossil fuels to the tune of trillions of dollars, according to new research. In its second seminal report, Unburnable Carbon 2013: Wasted Capital and Stranded Assets, the Carbon Tracker Initiative found that firms invested $674 billion last year alone in projects trying to find and develop new fossil fuels reserves. To stick to current agreed global limits on emissions--and keep warming...
Tags: global
economic
experts
crisis
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...
Tags: world
report
financial
crisis
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