‘Carbon bubble’ could spark global financial crisis, study warns

www.theguardian.com/environment/2018/jun/04/carbon-bubble-could-spark-global-financial-crisis-study-warns?utm_source=esp&utm_medium=Email&utm_campaign=GU+Today+main+NEW+H+categories&utm_term=277105…

‘Carbon bubble’ could spark global financial crisis, study warns
Advances in clean energy expected to cause a sudden drop in demand for fossil fuels, leaving companies with trillions in stranded assets
Fiona Harvey Environment correspondent
Mon 4 Jun 2018 16.00 BST

Shares 5365 [image: Lignite-fired power station in Poland] A sudden drop in demand for fossil fuels could happen before 2035, a new study shows. Photograph: Florian Gaertner/Photothek via Getty Images
Plunging prices for renewable energy and rapidly increasing investment in low-carbon technologies could leave fossil fuel companies with trillions in stranded assets and spark a global financial crisis, a new study has found.
A sudden drop in demand for fossil fuels before 2035 is likely, according to the study, given the current global investments and economic advantages in a low-carbon transition.

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