Global investments and economic advantages in a low-carbon transition
A sudden drop in demand for fossil fuels could happen before 2035, a new study shows.
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.
The existence of a carbon bubble assets in fossil fuels that are currently overvalued because, in the medium and long-term, the world will have to drastically reduce greenhouse gas emissions has long been proposed by academics, activists and investors.
The new study, published on Mond...