Media Coverage Jun 2018
Carbon 'bubble' could cost global economy trillions
According to the International Energy Agency (IES), the world invested around $700bn in oil, gas and coal in 2016. Research has often focussed on how these investments would be affected if the world takes new action to limit the global rise in temperatures to well under 2C as agreed in Paris in 2015. Recent work from the Oxford Martin Programme on Integrating Renewable Energy found that 20% of the world's power plant capacity could become "stranded assets" if the Paris goal was met.