Hi Greg,
Stern seems to be picking up on the idea of stranded assets pioneered by
Carbon Tracker I believe [1]. Their message is directed at investors - not
to invest in companies who have put a high value on assets that they won't
be able to use.
This situation is made worse if we take into
A more stringent target, say consistent with an 80 per cent chance of meeting
the 2 degree goal, would have an even smaller budget of 500-600bn tonnes
[cumulative CO2 emitted globally, 2010 – 2050]
…the proven reserves of the world’s top 100 listed coal companies and top 100
listed oil and gas
