Unburnable Carbon 2013: Wasted capital and stranded assets

This report examines CO2 budgets and the growing ‘carbon bubble’, as well as its effects on the economy and global warming. It includes chapters on the global CO2 budget, global listed coal oil and gas reserves and resources, evolving the regulation of markets for climate risk, implications for equity valuation and credit ratings, implications for investors, and suggestions for navigating the road ahead.