Climate Change

‘Carbon bubble’ could spark global financial crisis, study warns

www.theguardian.com/environment/2018/jun/04/carbon-bubble-could-spark-global-financial-crisis-study-warns?utm_source=esp&utm_medium=Email&utm_campaign=GU+Today+main+NEW+H+categories&utm_term=277105…

‘Carbon bubble’ could spark global financial crisis, study warns <www.theguardian.com/environment/2018/jun/04/carbon-bubble-could-spark-global-financial-crisis-study-warns?utm_source=esp&utm_medium=Email&utm_campaign=GU+Today+main+NEW+H+categories&utm_term=277105…>
Advances in clean energy expected to cause a sudden drop in demand for fossil fuels, leaving companies with trillions in stranded assets
Fiona Harvey <www.theguardian.com/profile/fiona-harvey>Environment correspondent
Mon 4 Jun 2018 16.00 BST
– <www.facebook.com/dialog/share?app_id=180444840287&href=https%3A%2F%2Fwww.theguardian.com%2Fenvironment%2F2018%2Fjun%2F04%2Fcarbon-bubble-could-spark-global-financial-crisis-study-warns%3FCMP%3Dshar…> – <twitter.com/intent/tweet?text=%27Carbon%20bubble%27%20could%20spark%20global%20financial%20crisis%2C%20study%20warns&url=https%3A%2F%2Fwww.theguardian.com%2Fenvironment%2F2018%2Fjun%2F04%2Fcarbon-b…> –
Shares 5365 [image: Lignite-fired power station in Poland] <www.theguardian.com/environment/2018/jun/04/carbon-bubble-could-spark-global-financial-crisis-study-warns?utm_source=esp&utm_medium=Email&utm_campaign=GU+Today+main+NEW+H+categories&utm_term=277105…>A sudden drop in demand for fossil fuels could happen before 2035, a new study shows. Photograph: Florian Gaertner/Photothek via Getty Images
Plunging prices for renewable energy and rapidly increasing investment in low-carbon technologies could leave fossil fuel companies with trillions in stranded assets and spark a global financial crisis, a new study has found.
A sudden drop in demand for fossil fuels before 2035 is likely, according to the study, given the current global investments and economic advantages in a low-carbon transition.