Individual investors are sitting on a $763 million carbon bubble ...Middle East

Quartz - Economy
Individual investors are sitting on a $763 million carbon bubble
source : Quartz ( Middle East ) () 4
When the global economy stops using oil and gas, the wells and equipment used to extract them will become worthless. The sum value of potentially “stranded” assets depends on how quickly and completely the transition to green energy happens. The more effective climate policies are in promoting rapid change, the more assets will likely be stranded—and the greater potential losses for the energy companies, banks, and investors that own them.The latest report from the Intergovernmental Panel on Climate Change estimates the total value of those stranded assets at about $4 trillion. A May 26 paper in the journal Nature by a team of US and UK economists offers a slightly more optimistic outlook, c

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