The financial industry is promoting a CO2 bubble by investing in CO2-intensive financial projects without taking climate change mitigation measures into account. Investors are pumping money into fossil fuel businesses because they believe it will be possible to exploit their fossil fuel reserves for financial gain in the future. This is driving up share prices. However, these investments could soon turn out to be fools’ gold. If we limit the warming of the atmosphere to 2°, it will simply not be possible to burn most of these reserves. Sooner or later the so-called ‘carbon bubble’ will burst and the value of the investments will plunge.
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