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Unburnable carbon: are global financial markets harboring a carbon bubble? A decade later

June 28 | London and online

A decade after the inaugural Carbon Tracker report Unburnable carbon: are global financial markets harboring a carbon bubble? our Oil, Gas & Mining team revisits the analysis, looking at climate-related and transition risks.

In 2011, we discovered that around 80% of reported reserves held by listed companies were at risk of running aground if the world remained below 2°C. Since then, annual emissions and reserves of fossil fuels with listed ownership have increased as the world’s level of ambition has strengthened to not exceed 1.5˚C in temperature increase.

Despite the global distribution of oil, gas and coal production, the financing of these companies is concentrated in a small number of financial centers and stock exchanges.

About 90% of global GDP and more than 2/3 of the world’s governments have committed to achieving “net zero” emissions over the next few decades. But if all of these listed reserves are extracted and produced, global emissions will take the world far beyond the limits of the Paris climate accord; and these scholarships will actually help raise the temperature well above 1.5°C or even 2.0°C. Investors and financial regulators are playing a vital role in reversing the trend, but is it fast enough?

This event will discuss the latest analyzes with a panel of industry experts and explore the climate impacts of companies listed on these financial centers and the risks to which investors are exposed, in particular those of passive funds; what regulators can and should do; and ultimately see why we continue to fund the fossil fuel industry.

This event will be held in person in London with live streaming for a global audience.

*Please note that this event is by invitation only*

Want to attend the event?

register here

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