'Out-of-control financial collapse': Fossil fuel market crash could cost UK £674bn

clock • 4 min read
'Out-of-control financial collapse': Fossil fuel market crash could cost UK £674bn

Campaign group One for One warn fossil fuels should be viewed as the highest risk class of assets and urges government to tighten financial regulations to avert risk of a financial crash

A market crash driven by the overvaluation of fossil fuel assets could cost the UK £674bn and cause up to half a million job losses unless drastic financial safeguarding measures are adopted, a new report...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

UK Export Finance provides €146m guarantee for Taiwan offshore wind project

UK Export Finance provides €146m guarantee for Taiwan offshore wind project

Support to provide major boost to UK exporters providing services and component to 623MW project

James Murray
clock 11 July 2025 • 2 min read
HSBC: 'Stark' contrast between investors approach to sustainability

HSBC: 'Stark' contrast between investors approach to sustainability

Banking giant's latest sustainability sentiment survey shows many investors continue to prioritise nature and climate concerns, but laggards remain

Stuart Stone
clock 10 July 2025 • 2 min read
Analysis: Renewables missing out on AI investment boom despite fuelling the technology

Analysis: Renewables missing out on AI investment boom despite fuelling the technology

Clean energy 'is no longer just about climate; it is now a strategic enabler of the AI economy', experts tell recent investment roundtable event in London

Sorin Dojan
clock 10 July 2025 • 3 min read