The word
"unburnable" means that something cannot be set on fire or burned because it is not flammable or resistant to fire.
Full definition
The Carbon Tracker Initiative, a nonprofit organization that studies carbon budgets, has warned that the remaining vast reserves of
unburnable carbon will become stranded assets.
He commissioned and was editor of
Unburnable Carbon — Are the World's Financial Markets Carrying a Carbon Bubble?
Oil and gas industry expresses concern in a letter to Ed Davey about his comments on fossil fuel assets
becoming unburnable to stop dangerous climate change
4) Increasing concern over
unburnable fossil fuels provides a real financial case for divestment, regardless of ethics.
But with mainstream banks questioning the competitiveness of fossil fuels, and with the Governor of the Bank of England describing most fossil fuels
as unburnable, divestment (or at least diversification into clean energy investment) is looking less - and-less like gesture politics, and more like a sound plan to protect ourselves from future shocks.
Arctic oil is simply
unburnable in a climate - safe future, and the rising movement to stop Arctic drilling will continue to make this fact loud and clear.»
While the Obama Administration has been clear on its commitment to climate action, they continue to allow companies like Royal Dutch Shell to sink billions of dollars in the hunt
for unburnable carbon in the U.S. Arctic Ocean off the coast of Alaska.
«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.
With China's coal consumption falling and financial experts fretting
over unburnable fossil fuels, lenders and investors everywhere are starting to ask some tough questions of companies who make their living producing or burning fossil fuels.
As one might imagine, if developments in technology and government policies result in emissions complying with this tighter carbon budget, this renders even more coal, oil and
gas unburnable.
Russia accounts for another third of the world's
total unburnable gas, as the map below shows.
An article in the latest issue of The Economist explores whether acknowledgement that some fossil fuel stocks are
unburnable means companies with big coal or oil reserves are overvalued, at least on long time horizons.
If the agreements hold, these reserves will be in
effect unburnable and so worthless — leading to massive market losses.
This is the
original Unburnable Carbon report which pioneered the concept of the «Carbon Bubble».
Beyond 2050, the total carbon budget is very small for a 2 °C target, which means that reserves will
remain unburnable during the second half of the century unless there is a dramatic development of CCS after 2050.
Mark Carney, the FSB chair stated that a carbon budget consistent with a 2 °C target «would render the vast majority of reserves «stranded» — oil, gas and coal that will be
literally unburnable without expensive carbon capture technology, which itself alters fossil fuel economics»
So if I have understood this correctly, the supposedly incoming Coalition is aiding and abetting the exploitation of
unburnable coal (using GST receipts to fund Campbell Newman's Coal Plan 2030, in addition to cutting green tape abovementioned.
If 80 percent of these reserves are
left unburnable, these companies as a whole will be forced to write off up to $ 20 trillion in losses.
As Carbon Tracker demonstrated with its
seminal unburnable carbon and stranded assets reports, the smaller the carbon budget then the greater the scale of fossil fuel assets that must stay in the ground.
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.
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.
Carbon Tracker has produced a series of reports themed on
Unburnable Carbon which have prompted a new debate around the future of energy and investment.
Only 20 % of the total reserves can be burned unabated, leaving up to 80 % of assets technically unburnable
A 2015 study concluded that in order to avoid the worst impacts of runaway climate change, all Arctic fossil fuels should be classified
as unburnable.
The World Bank must restructure its energy portfolio to end all coal support, stop financing the search
for unburnable carbon, and prioritize clean renewable energy and energy access.
While Canadians attempt to bypass the stalled Keystone XL pipeline by completing a new conduit from Alberta to New Brunswick, they may find their position increasingly marginalized: the Canadian - born governor of the Bank of England declared last week that most oil reserves are
unburnable because of climate considerations.
In light of Carbon Tracker's «Wasted capital and stranded assets» analysis and the scale of
unburnable fossil fuel assets it revealed, there is a clear need for markets to become more «climate literate».
In recent months there has been a renewed look at the idea of a financial carbon bubble, or
unburnable carbon reserves.
What's novel about today's paper is that it pinpoints how much fuel is
unburnable in specific regions of the world, from Canadian tar sands to the oil - rich Middle East.
The new warning from one of the world's key central banks follows a caution from its head Mark Carney that the «vast majority of [fossil fuel] reserves are
unburnable» if climate change is to be limited to 2C, as pledged by the world's governments.
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.
Fossil fuel companies will soon find that the «vast majority of reserves are
unburnable,» Bank of England Governor Mark Carney told a World Bank...
Citizens are supposed to separate their waste into moeru (burnable) and moenai (
unburnable) piles.
MCHM is used in washing coal, helping separate the burnable fossil fuel from
the unburnable rock and dirt and other impurities.
He was way ahead of the game before the more recent pronouncements of
unburnable carbon and «stranded assets ``.
The study, which Carbon Tracker produced alongside the London School of Economics» Grantham Research Institute, therefore calls the bulk of reserves «
unburnable».
Several recent reports suggest that markets are now overlooking the risk of «
unburnable carbon».
Buzz phrase of moment: «
unburnable carbon.»
A new buzz phrase in the push to limit greenhouse gas emissions is «
unburnable carbon» — an effort to define and then wall off the portion of the world's still - vast reserves of coal, oil or natural gas that might, if combusted, cause unacceptably costly or dangerous climate change.
In fact, many people (including the Governor of the Bank of England) are increasingly concerned that most fossil fuels are
unburnable, meaning many existing reserves and investments in future exploration are in very real danger of becoming worthless.
After all, when the car that's generating the most buzz among the public burns literally zero oil; when Saudi Arabia says it's got to diversify away from oil; and when the Governor of the Bank of England says many of our known reserves are
unburnable, a strategy based on discovering and selling more oil in the future starts to look uncertain at best.
Phrases with «unburnable»