The
Carbon Bubble: Unburnable Reserves, Stranded Assets
We've
known for some time, but latest data confirm what we knew: it no
longer makes sense to continue looking for fossil fuels, because we
won't even be able to use a large share of currently available
reserves, if avoiding catastrophic climate change is what we want.
Such a situation reduces the relevance of the Peak Oil debate and
concentrates our attention on something entirely different: on the
role of private energy companies, which continue to profit from
reserves they should not be able to extract, and on the desperate
need for governments to accept a binding agreement to drastically
curtail emissions.