Sentences with phrase «unburnable coal»

Not exact matches

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.

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.

The latest climate science has confirmed that most coal reserves are «unburnable» if the world's leaders are to keep the — already insufficient — promises they have made under the UNFCCC.

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.

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.»

Furthermore, AU$ 6billion was spent by Australian listed companies last year on developing these likely «unburnable» coal reserves.

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.

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»

«This «unburnable carbon» is likely to become an increasing risk in the medium to long term, especially for companies heavily invested in thermal coal, or those seeking to develop new long - term assets,» Corboy said in a statement.

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.

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.

Also in January, a scientific analysis published in Nature concluded that 80 % of coal reserves, 50 % of gas reserves and 33 % of oil reserves were unburnable if warming is to be limited to 2C.