$1.6 Trillion In Fossil Fuel Investments Are At Risk

The fossil fuel industry is putting $1.6 trillion of investment at risk if the world gets its act together and tries to adhere to the climate change targets as part of the Paris Climate Agreement.

A new study from the Carbon Tracker Initiative predicts that the world will need $4.8 trillion in investment in oil, gas and thermal coal between 2018 and 2025 under a business-as-usual scenario, but considerably less if governments step up policy initiatives to combat greenhouse gas emissions.

If the world sticks to its 2-degree-Celsius target, there would only be a need for $4 trillion in investment through 2025. Moreover, in a more aggressive scenario in which the world keeps warming at a 1.75 degrees C, fossil fuel investment would fall to just $3.3 trillion. All that extra spending by the energy industry would be put at risk…

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