Unburnable Carbon Wasted Carbon: Stranded Assets
Carbon Tracker 2013
This second report from Carbon Tracker delves further into the issue of the carbon bubble. Since 2011, Carbon Tracker’s work has been used by banks and financial institutions such as Citigroup, HSBC and Standard and Poor’s to help focus their thinking on what a carbon budget might mean for the future values of public companies. This report finds that the London and New York stock exchanges are getting more carbon intensive. Achieving a 2°C scenario means only a small amount of fossil fuels can be burnt unabated after 2050.