Discover and read the best of Twitter Threads about #CarbonBubble
Most recents (11)
An egregious example of #GreenhouseGaslighting by @bbcnickrobinson on @BBCr4today from yesterday morning.
Here's a short thread on why the @JustStop_Oil protestor is entirely correct in her assertions 🧵
Here's a short thread on why the @JustStop_Oil protestor is entirely correct in her assertions 🧵
@bbcnickrobinson @BBCr4today @JustStop_Oil Just a couple of days ago @IISD_news published a new report that showed there is a “large consensus” across all published studies that developing new oil and gas fields is “incompatible” with the 1.5C target...
carbonbrief.org/new-fossil-fue…
carbonbrief.org/new-fossil-fue…
Here in the technical summary @IPCC_CH WG3 report from this April, signed off by all world governments, is the plain truth that meeting even the 2C climate target means the majority of fossil fuel reserves become stranded assets #CarbonBubble 
Our new report: 'Unburnable #Carbon - 10 Years On' finds global stock markets 🏦 are financing energy companies which are sitting on 3x more #coal, #oil & #gas reserves than can be burned without breaking the 1.5°C Paris climate target carbontracker.org/reports/uburna… #CarbonBubble
🧵Despite growing urgency to tackle #ClimateChange, 'Unburnable #Carbon' reveals “embedded #emissions” in the #FossilFuel🛢️reserves of companies listed on stock exchanges – the CO2 released if they’re extracted & burned – has grown by nearly 40% since 2012 carbontracker.org/reports/uburna…
@CarolineLucas @EdwardJDavey @Ed_Miliband @MichaelEMann @CFigueres @AnnPettifor @billmckibben @martinwolf_ @AlokSharma_RDG The report warns that 90% of all known #FossilFuel🛢️reserves & resources held by companies must stay in the ground as 'unburnable #carbon' to limit global warming to 1.5°C🌡️🛑carbontracker.org/reports/uburna… #KeepItInTheGround
🧵In 2011, our 1st report: 'Unburnable Carbon: Are the World’s Financial Markets Carrying a #CarbonBubble?' found ~80% of declared reserves of listed #FossilFuel companies were at risk of stranding, if the world stayed below 2˚C temp rise... carbontracker.org/reports/carbon…
Since 2011, both #emissions & #FossilFuel🛢️reserves with listed ownership have increased 📈, while the world’s climate policy ambition has strengthened post #ParisAgreement to not exceed 1.5˚C temp🌡️rise🛑carbontracker.org/reports/carbon… #CarbonBubble
Despite the global distribution of #oil, #gas & #coal mining production, financing of #FossilFuel companies is concentrated in a small number of financial centres & stock exchanges in likes of New York, London, Moscow carbontracker.org/reports/carbon…
1/13 #ClimateChange is a result of a mindset, that is based on monoculture, fossil fuels, chemicals, corporate control. @BillGates cannot alter a condition with the same mindset that created it in the first place @Trevornoah @drvandanashiva navdanyainternational.org/nature-food-cl…
2/13 The mad rush for #FakeFood and #FakeMeat, ignorant of the #diversity of our food cultures & the role of biodiversity is a recipe for accelerating the #climatecrisis, the destruction of the planet & our health @drvandanashiva navdanyainternational.org/fake-food-fake…
3/13 The perpetrators of the industrialized & now digitized predatory economic model that has led to worldwide ecological devastation are trying to sell us their solutions as the only path forward @drvandanashiva @NnimmoB #FalseSolutionsToClimateChange
#SriAgenda abt to start 🔔 #May21 at 5:30pm CEST
#ESG2020 - Virtual #ESG #AssetOwners Summit 2020 (last Webcast) "@CFASocietyDC
bit.ly/3e6gxNs
#sustainablefinance #sustainableinvesting #responsibleinvestment #greenfinance #sri @andytuit @SRI_Natives
#ESG2020 - Virtual #ESG #AssetOwners Summit 2020 (last Webcast) "@CFASocietyDC
bit.ly/3e6gxNs
#sustainablefinance #sustainableinvesting #responsibleinvestment #greenfinance #sri @andytuit @SRI_Natives
@CFASocietyDC @andytuit @SRI_Natives #SriAgenda just started 💥 #May21
#ESG2020 - Virtual #ESG #AssetOwners Summit 2020 (last Webcast) "@CFASocietyDC
#sustainablefinance #sustainableinvesting #responsibleinvestment #greenfinance #sri
#ESG2020 - Virtual #ESG #AssetOwners Summit 2020 (last Webcast) "@CFASocietyDC
#sustainablefinance #sustainableinvesting #responsibleinvestment #greenfinance #sri
@CFASocietyDC @andytuit @SRI_Natives the real question today is not what is the future of ESG, the question is:
Is there a future w/out the #ESG?, say Catherine Banat @rbcgamnews introducing the panel
(a very good, visionary start! 👍)
#ESG2020 @onegoodchart @CampanaleMark @GThoumiCFA @CFASocietyDC @CFAinstitute
Is there a future w/out the #ESG?, say Catherine Banat @rbcgamnews introducing the panel
(a very good, visionary start! 👍)
#ESG2020 @onegoodchart @CampanaleMark @GThoumiCFA @CFASocietyDC @CFAinstitute
Such good news: "the current fossil fuel system runs at a loss, and will amass losses every year."
The world's 8th largest bank, BNP Paribas, says: "The economics of renewables are impossible for oil to compete with when looked at over the cycle." Read their report.
1/
The world's 8th largest bank, BNP Paribas, says: "The economics of renewables are impossible for oil to compete with when looked at over the cycle." Read their report.
1/
👀
Oil's days are numbered. 👇
"The economics of new wind and solar projects combined with EVs are set to become irresistible."
"Renewable electricity has a short-run marginal cost of zero, is cleaner environmentally, could readily replace up to 40% of global oil demand."
2/
Oil's days are numbered. 👇
"The economics of new wind and solar projects combined with EVs are set to become irresistible."
"Renewable electricity has a short-run marginal cost of zero, is cleaner environmentally, could readily replace up to 40% of global oil demand."
2/
DAMN
"oil industry has never before in its history faced the kind of threat that renewables... pose to its business model:
* short-run marginal cost of zero
* much cleaner environmentally
* much easier to transport
* could readily replace up to 40% of global oil demand"
/end
"oil industry has never before in its history faced the kind of threat that renewables... pose to its business model:
* short-run marginal cost of zero
* much cleaner environmentally
* much easier to transport
* could readily replace up to 40% of global oil demand"
/end
Hey team:
This section of @JayInslee's climate platform is the biggest climate news from the 2020 campaign trail, so far.
And this has been a season of breakthrough announcements.
This section of @JayInslee's climate platform is the biggest climate news from the 2020 campaign trail, so far.
And this has been a season of breakthrough announcements.
If you're not paying attention to the interactions of climate risk, risk assessment, insurance, finance, financial oversight, the over-valuation bubbles in unsustainable/ brittle assets, and the risk of a carbon crash—well, then you're not paying attention to the climate crisis.
Some essential context: central banks sound the alarm...
It is hard to overstate how awesome this is.
I may need to thread, briefly.
jayinslee.com/issues/freedom…
I may need to thread, briefly.
jayinslee.com/issues/freedom…
If we're serious about holding the line at dire climate change, preventing a genuinely catastrophic climate breakdown, we need to stop using fossil fuels.
(We need to do a lot more, but that's job #1.)
That means ending the fossil fuel industries.
(We need to do a lot more, but that's job #1.)
That means ending the fossil fuel industries.
Now, a presidential candidate's campaign has put forward a set of proposals to do just that:
"Freedom from Fossil Fuels: A Plan to End Corporate Welfare, Hold Polluters Accountable & Transition the U.S. Economy Off of Fossil Fuels"
This is crossing the climate politics Rubicon.
"Freedom from Fossil Fuels: A Plan to End Corporate Welfare, Hold Polluters Accountable & Transition the U.S. Economy Off of Fossil Fuels"
This is crossing the climate politics Rubicon.
So this is an actual stress test scenario the Bank of England is expecting British insurance companies to run now:
("Firms are requested to consider the expected impact under three different climatic states on their assets, liabilities and business models")
#carbonbubble
("Firms are requested to consider the expected impact under three different climatic states on their assets, liabilities and business models")
#carbonbubble
Edited for brevity:
"A sudden transition (a Minsky moment), ensuing from rapid global action and policies, materializing over the medium-term business planning horizon, that results in achieving a temperature increase being kept below 2ºC."
Pop.
"A sudden transition (a Minsky moment), ensuing from rapid global action and policies, materializing over the medium-term business planning horizon, that results in achieving a temperature increase being kept below 2ºC."
Pop.
New York Times reporting that financial market regulator days Climate Change poses major risks
Yes it does. BIG RISKS.
#carbonBubble #ClimateCrisis
Climate Change Poses Major Risks to Financial Markets, Regulator Warns nyti.ms/2IEx50T
Yes it does. BIG RISKS.
#carbonBubble #ClimateCrisis
Climate Change Poses Major Risks to Financial Markets, Regulator Warns nyti.ms/2IEx50T
"[He] plans to detail the formation of a panel of experts at the trading commission assigned to produce a report on how global warming could affect the financial sector, potentially impacting food costs, insurance markets, the mortgage industry and other economic pillars."
"The report, which [he] said he expected would focus in particular on potential harm to the nation’s agriculture sector, is likely to emerge at a moment when Mr. Trump will be making the case to farm states, [already hurt by] his crop tariffs, to re-elect him in 2020."
Young climate warriors: This Friday, you may be launching the largest coordinated protests of young people and children in history.
The future you're fighting for? That's what I've spent my life working to see.
I'd like to share some truths, from an old warrior to younger ones.
The future you're fighting for? That's what I've spent my life working to see.
I'd like to share some truths, from an old warrior to younger ones.
1. First, you're right. You're right to strike; you're right to march; you're right to feel your fear and rage and longing for a better world.
You are the victims of a monstrous intergenerational crime, and you are as right as humans can be to demand justice.
You are the victims of a monstrous intergenerational crime, and you are as right as humans can be to demand justice.
2. You are so right that—even though I'm a tough-skinned veteran of three decades of this fight—your truth brings tears to my eyes.
You should know that there are millions of older people whose hearts are with you.
You should know you are not, in any way, alone.
You should know that there are millions of older people whose hearts are with you.
You should know you are not, in any way, alone.
