Sentences with phrase «global unburnable»
The results suggest the Middle East holds half of total global unburnable oil and gas reserves, with more than 260 billion barrels of oil and nearly 50 trillion cubic metres of gas needing to remain untouched if we're to stay within budget.
https://www.carbonbrief.org/ Not exact matches
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.
Between 60 - 80 % of coal, oil and gas reserves of publicly listed companies are «unburnable» if the world is to have a chance of not exceeding global warming of 2 °C
«The majority of proven coal, oil, and gas reserves may be considered «unburnable» if global temperature increases are to be limited to two degrees Celsius,» he wrote in a letter to the British parliament's Environmental Audit Committee (PDF) in October, referring to the widely accepted temperature threshold for avoiding the worst effects of climate change.
He announced that in 2015 the Bank of England's Finance Policy Committee would investigate whether risks to the value of «unburnable» fossil fuels assets could undermine financial stability in the way that sub-prime mortgages crashed the global economy in 2008.
The report argues that «60 - 80 % of coal, oil and gas reserves of publicly listed companies are «unburnable» if the world is to have a chance of not exceeding global warming of 2 °C.»
«Smart investors can already see that most fossil fuel reserves are essentially unburnable because of the need to reduce emissions in line with the global agreement by governments to avoid global warming of more than 2 °C.
Following on from Carbon Tracker's Unburnable Carbon 2013 global analysis, we release this report in collaboration with The Climate Institute assessing the risks facing the Australian coal, oil and gas sectors.
Following on from Carbon Tracker's Unburnable Carbon 2013 global analysis, we release this report in collaboration with The...
He endorsed research by Carbon Tracker showing that US$ 2 trillion worth of fossil fuel assets are unburnable as governments aim to hold global warming to 2C.
The report clearly sets out the global carbon budget, the reserves outlook, the current capital flow being consumed to expand those reserves and comes to the additional conclusion that this part of the global energy system will also waste trillions in capex over the coming decade as it develops more reserves that could also become unburnable.
Webb wrote to Davey a few days later: «[Newspaper] articles reported you backing moves that would encourage investors to think about moving their money out of «risky» fossil fuel assets, suggesting global emissions limits could make hydrocarbon reserves unburnable, therefore stranding assets and rendering them worthless.»