Are The World’s Financial Markets Carrying A Carbon Bubble?

July 12, 2011 § Leave a comment

New research from Carbon Tracker into how carbon intensive the financial markets are reveal some ugly truths. Clear evidence that the financial system needs to change.
  • Already in 2011, the world has used over a third of its 50-year carbon budget
  • Only 20% of the total reserves can be burned unabated, leaving up to 80% of assets technically unburnable

By allocating fossil fuel reserves to exchanges, the research has built up a picture of where reserves are listed. (Say hello, London.) The map shows how the listings of coal, oil and gas reserves are distributed – needless to say, the capital markets are supporting the continued exploitation of fossil fuel reserves around the world.

Distribution of fossil fuel reserves between stock exchanges

 Read the full report here.

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