Wednesday, March 18, 2015

The Guardian's "Keep it in the ground" campaign

As part of his final months as editor of the Guardian, Alan Rusbridger [guardian.co.uk] has started a climate campaign called "keep it in the ground" [guardian.co.uk]. In short, if we take the 2 degree Celsius limit seriously, we can still burn 575 Gigatons of carbon while the currently proven reserves of oil gas and coal contain 2795 Gigatons (see opening letter of him).

This relates to the idea of unburnable assets which we posted about last year, here  [oxcarre.blogspot.com], and of which also a related paper exist from Paul Collier and Tony Venables (Closing Coal: Economic and Moral Incentives [oxcarre.ox.ac.uk], and blog [oxcarre.blogspot.com]).

Today's Guardian frontpage has the UK Energy Secretary Ed Davies supporting [guardian.co.uk] the campaign, but this we already knew [oxcarre.blogspot.com].

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