Advances in clean energy expected to cause a sudden drop in demand for fossil fuels, leaving companies with trillions in stranded assets Which is why the fossil fuel industry is so … Continue reading ‘Carbon bubble’ could spark global financial crisis, study warns
John Abraham: A new study finds 6.5% of global GDP goes to subsidizing dirty fossil fuels That is a lot of money! Source: Fossil fuel subsidies are a staggering $5 tn per year | John Abraham | Environment | The Guardian Continue reading Fossil fuel subsidies are a staggering $5 Trillion per year
China in particular is struggling to fight a looming overcapacity problem. “China alone is housing the largest power market investment bubble the world has ever seen,” observed Lauri Myllyvirta, senior global campaigner … Continue reading As Coal Use Drops, Investors Blow Nearly $1 Trillion Globally on Unnecessary New Plants
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