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.
Citi report forecasts average solar PV installation rate of 53GW/y from 2013-2020 as part of its least-cost scenario for action on climate change.
Citigroup says Direct Action is not sustainable, too expensive, and will not signal move to low carbon economy. And it questions lobbying actions of groups such as Minerals Council of Australia.