Sentences with phrase «unburnable fossil»

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.

This concept of unburnable fossil fuels is gaining traction.

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».

Not exact matches

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.

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.

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.

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 combination of needing to limit carbon dioxide emissions and having fossil fuel companies that are valued by their proven reserves is what Carbon Tracker, a non-profit organization, is calling the «Carbon Bubble» in their new report, «Unburnable carbon 2013: Wasted capital and stranded assets.»

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, Unburnable Carbon: Australia's carbon bubble, looks into carbon budgets and Australian fossil fuels.

«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.

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»

The fourth in the series of Carbon Tracker's Unburnable Carbon reports, focuses on Brazil — a country with the fascinating combination of a large, emerging economy, a strong renewable energy sector but also significant potential fossil fuels in the pipeline in which the state has a sizeable stake.

The normally conservative International Energy Agency has also concluded that a major part of fossil fuel reserves is unburnable.

According to Carbon Tracker (PDF), there is a potential that 80 percent of the world's carbon reserves will become unburnable, which — if this situations holds true — would result in a $ 20 trillion write - off in losses by fossil fuel companies.

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.

This is in response to Carbon Tracker's April 2013 Unburnable Carbon report, which found that in 2012 alone, the 200 largest publicly traded fossil fuel companies collectively spent an estimated $ 674 billion on finding and developing new reserves some of which may never be utilized.

According to the report's authors, «a material proportion of the world's undeveloped reserves of fossil fuels could become «unburnable.

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.

We have discovered, to our considerable astonishment, that most of the fossil fuel on the books of our largest corporations is «unburnable» — in the precise sense that, if we burn it, we are doomed.

Unburnable Carbon refers to fossil fuel energy sources which can not be burnt if the world is to adhere to a given carbon budget.

The University College London team used a complex energy system model to investigate the fraction of «unburnable» fossil fuel reserves in 11 specific regions worldwide.

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.»

The rest is «unburnable», with implications for the valuation of fossil fuel companies.