Thursday 12 May 2022

Why our continued use of fossil fuels is creating a financial time bomb

Why our continued use of fossil fuels is creating a financial time bomb

The numbers are startling. We know roughly how much more carbon dioxide we can put into the atmosphere before we exceed our climate goals—limiting warming to 1.5° to 2° C above preindustrial temperatures. From that, we can figure out how much more fossil fuel we can burn before we emit that much carbon dioxide. But when you compare those numbers with our known fossil fuel reserves, things get jaw-dropping.

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