That’s Why They call Them Bubbles. Carbon Set for Biggest Pop in History.

Current findings suggest that a rapid decline in fossil fuel demand is no longer dependent on stronger policies and actions from governments around the world. It now appears the demand drop (owing to cheaper renewable energy) will continue even if major nations undertake no new climate policies, or reverse some previous commitments.

Climate Denial Crock of the Week

carbonbubblepopGuardian:

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 Monday in the journal Nature Climate Change, shows that a sharp slump in the value of fossil fuels would cause this bubble to burst, and posits that such a slump is likely before 2035 based on current patterns of energy use.

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4 thoughts on “That’s Why They call Them Bubbles. Carbon Set for Biggest Pop in History.

    • Interesting article, Gloria, but I disagree with the premise. Abused people do not normally become too apathetic to fight back. Some of the strongest revolutionaries have come from abuse backgrounds.

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  1. It will be good if the insanity of carbon ends! So many hurricanes in the Gulf Of Mexico last year, it very well could have caused a terrible problem in a nuclear reactor there! https://mobile.twitter.com/DalaiLama/status/1003932440107180032?p=v
    @DalaiLama

    The world belongs to its 7 billion inhabitants. In the past, communities could flourish in isolation, but now we can’t. This World Environment Day let’s remember that we depend on each other and that to meet the challenge of climate change, we have to work together

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  2. What I really like about this article, Doug, is the argument that the economics of renewable energy (it’s so damned cheap) will kill fossil fuels. Renewables have passed the tipping point economically. The fossil fuel industries now have the choice of joining the renewables movement or going the way of the dinosaurs.

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