The Carbon Tracker Initiative Warns of Risky Investment Bubble in its Latest Report
Fossil fuel companies have been overvaluing coal and gas reserves resulting in a dangerously inflated investment bubble, according to the latest report released by the Carbon Tracker Initiative and the Grantham Research Institute on Climate Change and the Environment. With the 2010 agreement among governments to limit global warming to two degrees, the study's authors calculated that 60 to 80 percent of the oil, gas, and coal reserves listed on stock exchanges are unburnable. This translates to more than $6 trillion of wasted capital that instead could be invested in developing low-carbon growth. The Carbon Tracker Initiative is a project of Rockefeller Brothers Fund grantee Investor Watch.
Related links
Read the front-page coverage of the report's release by The Guardian
View a short video and interactive map on The Guardian's website