When we can’t afford to burn the reserves.. economics of carbon emissions:
“if listed and state-owned companies were to release reserves for burning at equal rates, there would be 80 per cent more fossil fuels listed on stock exchanges than society can afford to burn”
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Carbon bubble is a real risk for markets – FT.com (requires subscription or registration for 8 free articles / month).
Markets face risk of carbon bubble on FT blog <– background information
Recent FT article on carbon emission trading in dire straits: EU carbon prices crash to record low