CapelDodger
Penultimate Amazing
Much of world's fossil fuel reserve must stay buried to prevent climate change, study says
http://www.theguardian.com/environm...stay-buried-prevent-climate-change-study-says
If governments actually do adopt policies to keep to 2C then that fossil fuel will not be used - there's no way to reconcile the two. That whole trade is going to be taken out of the global economic system, with nasty effects for some. Saudi Arabia, for instance, is just a godforsaken sandpit without the oil trade.
I think the major economies can handle it easily enough but there'll be difficult times for those on the margins dependent on fossil-fuel exports to pay their way.
http://www.theguardian.com/environm...stay-buried-prevent-climate-change-study-says
Once the idea of the carbon budget was taken up it always going to come to this.Vast amounts of oil in the Middle East, coal in the US, Australia and China and many other fossil fuel reserves will have to be left in the ground to prevent dangerous climate change, according to the first analysis to identify which existing reserves cannot be burned.
I rather doubt one work could reveal all that.The new work reveals the profound geopolitical and economic implications of tackling global warming for both countries and major companies that are reliant on fossil fuel wealth.
If governments actually do adopt policies to keep to 2C then that fossil fuel will not be used - there's no way to reconcile the two. That whole trade is going to be taken out of the global economic system, with nasty effects for some. Saudi Arabia, for instance, is just a godforsaken sandpit without the oil trade.
I think the major economies can handle it easily enough but there'll be difficult times for those on the margins dependent on fossil-fuel exports to pay their way.
.