Unburnable Carbon – Are the world’s financial markets carrying a carbon bubble ? Carbon Tracker Initiative ; Potsdam Institute, 2011, 36 p.
This new analysis by Carbon Tracker discovers that:
- Already in 2011, the world has used over a third of its 50-year carbon budget of 886GtCO2, leaving 565GtCO2
- All of the proven reserves owned by private and public companies and governments are equivalent to 2,795 GtCO2
- Fossil fuel reserves owned by the top 100 listed coal and top 100 listed oil and gas companies represent total emissions of 745GtCO2
- Only 20% of the total reserves can be burned unabated, leaving up to 80% of assets technically unburnable… (more)