Monday, 4 June 2018

'Carbon bubble' coming that could wipe trillions from the global economy -- study

(University of Cambridge) Macroeconomic simulations show rates of technological change in energy efficiency and renewable power are likely to cause a sudden drop in demand for fossil fuels, potentially sparking a global financial crisis. Experts call for a 'carefully managed' shift to low-carbon investments and policies to deflate this 'carbon bubble'.

from EurekAlert! - Social and Behavioral Science https://ift.tt/2Llilno

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