Thursday, May 9, 2013

Are the world’s financial markets carrying a carbon bubble?

A new report by the Carbon Tracker Initiative:
Regulators should:
  • Require reporting of fossil fuel reserves and potential CO2 emissions by listed companies and those applying for listing.
  • Aggregate and publish the levels of reserves and emissions using appropriate accounting guidelines.
  • Assess the systemic risks posed to capital markets and wider economic prosperity through the overhang of unburnable carbon
  • Ensure financial stability measures are in place to prevent a carbon bubble bursting.

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