Why our continued use of fossil fuels is creating a financial time bomb

Why our continued use of fossil fuels is creating a financial time bomb

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The numbers are startling.

We know roughly how much more carbon dioxide we can put into the atmosphere before we exceed our climate goals—limiting warming to 1.5° to 2° C above preindustrial temperatures. From that, we can figure out how much more fossil fuel we can burn before we emit that much carbon dioxide. But when you compare those numbers with our known fossil fuel reserves, things get jaw-dropping.

To reach our climate goals, we’ll need to leave a third of the oil, half of the natural gas, and nearly all the coal we’re aware of sitting in the ground, unused.

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