Stranded assets could exact steep costs on fossil energy producers and investors
Published Date: 8/20/2022
Source: phys.org
A 2021 study in the journal Nature found that in order to avert the worst impacts of climate change, most of the world's known fossil fuel reserves must remain untapped. According to the study, 90 percent of coal and nearly 60 percent of oil and natural gas must be kept in the ground in order to maintain a 50 percent chance that global warming will not exceed 1.5 degrees Celsius above preindustrial levels.