Is the falling European carbon price as dangerous as everyone is saying, or is the hype around it mostly politically opportunistic?
Tag: "carbon budget"
When it comes to the shift to a low-carbon economy, many are so busy looking at politics for signs of change, they’re missing the signs in the market. Policy might be essential, but markets deliver solutions – and the signs are that this process is now well underway. Meanwhile, that carbon bubble just keeps getting bigger.
The IEA last year said if the world wanted to meet climate targets, it would have to leave two thirds of its fossil fuels in the ground. So what does unburnable carbon mean for oil and gas giants? HSBC crunches the numbers and says up to 60 per cent of the value of fossil fuel companies could be at risk.
Global mining giant’s coal chief talks climate risk, extreme weather, the absolute ceiling on GHG emissions and thermal coal’s inevitable decline.
The bad news: the world is tearing through its carbon budget. The good news: it’s not too late to turn things around… yet.