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Citigroup sees $100 trillion of stranded assets if Paris succeeds
If you hear a lot of noise about climate policies and climate action over the next few months in the lead up to the Paris climate conference, it is because there is a lot at stake. According to Citigroup analysts: $US100 trillion of potential stranded assets in the fossil fuel industry.27 -
Why wind and solar are already better value than fossil fuels
Critics of renewables – such as Alan Jones, the Murdoch media and the Abbott government – focus on capital costs. But a new report from Citigroup says this is an error, and the total cost of renewables is already competing with fossil fuels and getting cheaper. And could save the world more than $US72 trillion.
