Home Carbon bubble will plunge the world into another financial crisis report
 

Keywords :   


Carbon bubble will plunge the world into another financial crisis report

2013-04-19 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The world could be heading for a major economic crisis as stock markets inflate an investment bubble in fossil fuels to the tune of trillions of dollars, according to leading economists. "The financial crisis has shown what happens when risks accumulate unnoticed," said Lord (Nicholas) Stern, a professor at the London School of Economics. He said the risk was "very big indeed" and that almost all investors and regulators were failing to address it. The so-called "carbon bubble" is the result...

Tags: world report financial crisis

Category:Electronics and Electrical

Latest from this category

All news

»
01.11US jobs growth slows as presidential election looms
01.11Eastern North Pacific Tropical Weather Outlook
01.11Atlantic Tropical Weather Outlook
01.11Sky Glass now available to buy at Currys
01.11House sales forecast to 'jump' ahead of stamp duty rise
01.11X Games chooses frequency to power sports FAST channel
01.11U.S. video streaming hits ceiling in Q3 2024
01.11Roku releases third quarter 2024 financial results
More »