'Decline and fall': Transition away from fossil fuel economy could lead to plummeting valuations for high carbon assets

Cecilia Keating
clock
'Decline and fall': Transition away from fossil fuel economy could lead to plummeting valuations for high carbon assets

Carbon Tracker warns 'there is far more risk inherent in the fossil fuel system than is conventionally priced into financial markets' and urges investors to step up efforts to engineer a more orderly transition to clean technologies

Falling demand for fossil fuels and the associated increase in investment risk could slash the value of oil, gas, and, coal reserves by nearly two thirds, according to new findings from Carbon Tracker....

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