Sentences with phrase «carbon bubble»
The term "carbon bubble" refers to the possibility that the market value of fossil fuel companies, such as oil, gas, and coal, may dramatically decline in the future. This is because to limit climate change, we need to reduce our carbon emissions, which would mean using less of these fossil fuels. If countries and industries transition to cleaner energy sources, the demand for fossil fuels could drop, causing the value of these companies to "burst," similar to a bubble. Full definition
That's what the financial carbon bubble bursting in a sector looks like — ugly and messy — and there's many more to come.
paulgilding.com
Businesses and the financial sector are starting to see the ominous implications of the bloated carbon bubble.
«Carbon Tracker has been one of the most important developments in the environmental space in a decade and the judges were united in their praise for this agenda - setting NGO and its hugely influential campaign to drive awareness of carbon bubble risks.
In response to growing calls from investors and mounting concerns about so - called carbon bubble risk, the TCFD earlier this year recommended that listed firms publicly report on how climate change and the low carbon transition could affect their business.
New study calls for regulators, governments and investors to re-evaluate energy business models against carbon budgets, to prevent $ 6trillion carbon bubble in next decade
Now The Guardian newspaper — which itself has called on the foundation to divest — is reporting that the Bill and Melinda Gates Foundation has made a significant move toward lessening its exposure to fossil fuels and the so - called carbon bubble: It has sold off its entire $ 187 million stake in BP, following a the oil company reporting a record $ 6.5 billion loss earlier this year.
This is really a global carbon bubble that is about to burst, with Canada as an early case study.
In any case, it has the lowest priority for substitution by renewables on an emissions basis, and so should be least susceptible to a notional carbon bubble.
It has fewer similarities to the IEA's «450 ″ scenario that underpins carbon bubble claims.
We have a nasty carbon bubble inflating and the people calling stop to it are trying to save the economy, jobs and capital of our nation from imploding once again like with the housing bubble.
In recent months there has been a renewed look at the idea of a financial carbon bubble, or unburnable carbon reserves.
And when oil producing nation's even consider divesting, they underline the considerable economic uncertainty around carbon bubbles and an economy over reliat on fossil fuels.
But let's not forget the most CO2 - intensive fossil fuels (coal, tar sands) do still deserve the highest priority — and are hardest hit economically through proper understanding of carbon bubble fossil overinvestment and rising competition from renewable energy sources.]
This new research from Carbon Tracker and the Grantham Research Institute on Climate Change and the Environment at LSE calls for regulators, governments and investors to re-evaluate energy business models against carbon budgets, to prevent a $ 6 trillion carbon bubble in the next decade.
Alternatively, if they create an oil - rush around its pre-salt, it could cause price rises that render it «unburnable» in global carbon budgets and expose itself to the global carbon bubble.
If they extract and sell it, the 2 - degree limit is toast; if governments somehow muster the will to force them not to extract those reserves, then the companies» valuations must drop accordingly — the bursting of the carbon bubble.
At issue is what's become known as the «carbon bubble.»
Releasing a report responding to Ceres — a group made up of institutional investors which has for years been pushing resource companies to disclose their carbon bubble risks — Exxon vice-president of corporate strategic planning William Colton said, «All of ExxonMobil's current hydrocarbon reserves will be needed, along with substantial future industry investments, to address global energy needs.»
So a note to all those armchair environmentalists encouraged by European - based big oil companies» (Shell, Total, BP, Statoil) willingness to take the carbon bubble seriously: when the rubber hits the road, other, more powerful voices in the industry aren't going down without a fight.
The bank will deliver a report to government on the financial risk posed by a «carbon bubble» later in 2015.
Meanwhile, the former governor of the Bank of Canada raised a red flag about the «carbon bubble,» Canada's premiers agreed to develop a Canadian energy strategy that would address climate change, and Elon Musk broke ground on his Gigafactory that will slash the costs of electric vehicle batteries and, by extension, the cars themselves.
Carbon Tracker, the analyst house which pioneered the stranded asset or «carbon bubble» theory, has warned a quarter of global oil refining capacity could become unviable and be forced to shut down within 20 years due to falling demand.
Mark Carney, the former Governor of the Bank of Canada who now heads up the Bank of England, legitimized the concept of the carbon bubble by confirming that the «vast majority of [fossil fuel] reserves are unburnable» if we are to avoid dangerous climate disruption.
New carbon asset risk resolutions are asking companies if they are prepared to succeed in an increasingly carbon - constrained world, amid fears of stranded carbon assets and the potential of a carbon bubble.
Think of it as a homeowner who borrows based on the inflated value of a home: When this «carbon bubble» bursts — for example, when governments finally enact policies to restrict or penalize the burning of carbon — the devaluation of fossil fuel reserves may be even worse than the housing bubble that sent shock waves down Wall Street five years ago.
There is growing alarm about the inevitability of stranded carbon assets and the potential of a carbon bubble.»
Exposing «carbon bubbles» The big challenge — and a critically important first step goal — is the «hardwiring of climate risk into governance structures.»
«There is no carbon bubble bursting today that would create a financial crisis.»
«It doesn't represent risk today,» said Hobley of the carbon bubble concept.
The way out is to gradually deflate the carbon bubble rather than ignore it until it bursts.
Artist Statement «Divesting from fossil fuels helps protect investors from trillions in financial risk from the «carbon bubble» and directs new funding to clean energy generation.
And even if we do continue on our same fossil - using path, the assets may be creating what analysts are calling a «carbon bubble» in financial markets.
The economist Richard Tol, long focused on climate policy, has already offered a tough challenge to the «carbon bubble» notion:
Grantham has repeatedly stated that the rising cost of energy — the most fundamental commodity — between 2002 and 2008 has falsely inflated economic growth and GDP figures worldwide and that we have been in a «carbon bubble» for approximately the last 250 years in which energy was very cheap.
Not only did they ignore the potential for much larger divestment as fears of a carbon bubble grow, but they also failed to understand that one of the key aims of the divestment movement is not just to cut off the money, but to strategically stigmatize companies who are causing excessive harm.
If you had Googled «fossil fuels» «carbon bubble» and «divestment» a few years ago you probably wouldn't have gotten that much.
When I explained the topic of the carbon bubble, however, their ears pricked up.
The carbon bubble There was a time when ethical investing was mostly about ethics.
The carbon bubble might be bursting, but other opportunities are opening up thanks to warmer temperatures.
The Carbon Tracker Initiative, which first coined the term the «carbon bubble», foresaw last year that any oil price slide would make many unconventional and high - cost oil projects uneconomic and risked wasting huge piles of investors» cash.
This paper is designed to assist the TCFD members in assessing the «carbon bubble» concept and «stranded asset» risks inherent in the business - as - usual strategies of many fossil fuel companies.
Author and financial expert Jeff Rubin says the carbon bubble is already bursting.
The think - thanks research to date on «unburnable carbon», the «carbon bubble», and stranded assets has ignited a new global debate on how to align the financial system with the energy transition to a low carbon future.
The carbon bubble has burst in Canada.
The markets today are in a carbon bubble, because they ignore future stranded fossil fuel assets.
The so - called «carbon bubble» is the result of an over-valuation of oil, coal and gas reserves held by fossil fuel companies.
I * hope * that we (humanity) can * truly * cause a «carbon bubble» by forcing the fossil - fuelsters to «keep it in the ground.»