HORRIFIC THREAT OF CARBON BUBBLE Stock markets are inflating a carbon bubble by overvaluing companies that produce fossil fuels and greenhouse gases, and this poses a serious threat to the economy, an influential committee of UK MPs has warned. The idea of a carbon bubble – meaning that the true costs of carbon dioxide in intensifying climate change are not taken into account in a companys stock market valuation – has been gaining currency in recent years, but this is the first time that MPs have addressed the question head-on. We must not be complacent about the risks of overvaluing fossil fuel companies. By sleeping over the Carbon bubble we are risking an economic catastrophe that would plunge the planet into turmoil. Even with diligent action that plunging might not be avoidable. bit.ly/1g4V2L9
Posted on: Fri, 07 Mar 2014 08:58:30 +0000
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