Discover and read the best of Twitter Threads about #carbonbubble

Most recents (6)

Such good news: "the current fossil fuel system runs at a loss, and will amass losses every year."

The world's 8th largest bank, BNP Paribas, says: "The economics of renewables are impossible for oil to compete with when looked at over the cycle." Read their report.


Oil's days are numbered. 👇

"The economics of new wind and solar projects combined with EVs are set to become irresistible."

"Renewable electricity has a short-run marginal cost of zero, is cleaner environmentally, could readily replace up to 40% of global oil demand."


"oil industry has never before in its history faced the kind of threat that renewables... pose to its business model:

* short-run marginal cost of zero
* much cleaner environmentally
* much easier to transport
* could readily replace up to 40% of global oil demand"

Read 13 tweets
Hey team:

This section of @JayInslee's climate platform is the biggest climate news from the 2020 campaign trail, so far.

And this has been a season of breakthrough announcements.
If you're not paying attention to the interactions of climate risk, risk assessment, insurance, finance, financial oversight, the over-valuation bubbles in unsustainable/ brittle assets, and the risk of a carbon crash—well, then you're not paying attention to the climate crisis.
Some essential context: central banks sound the alarm...

Read 9 tweets
It is hard to overstate how awesome this is.

I may need to thread, briefly.…
If we're serious about holding the line at dire climate change, preventing a genuinely catastrophic climate breakdown, we need to stop using fossil fuels.

(We need to do a lot more, but that's job #1.)

That means ending the fossil fuel industries.

Now, a presidential candidate's campaign has put forward a set of proposals to do just that:

"Freedom from Fossil Fuels: A Plan to End Corporate Welfare, Hold Polluters Accountable & Transition the U.S. Economy Off of Fossil Fuels"

This is crossing the climate politics Rubicon.
Read 14 tweets
So this is an actual stress test scenario the Bank of England is expecting British insurance companies to run now:

("Firms are requested to consider the expected impact under three different climatic states on their assets, liabilities and business models")

Edited for brevity:

"A sudden transition (a Minsky moment), ensuing from rapid global action and policies, materializing over the medium-term business planning horizon, that results in achieving a temperature increase being kept below 2ÂşC."

Read 6 tweets
New York Times reporting that financial market regulator days Climate Change poses major risks

Yes it does. BIG RISKS.

#carbonBubble #ClimateCrisis

Climate Change Poses Major Risks to Financial Markets, Regulator Warns
"[He] plans to detail the formation of a panel of experts at the trading commission assigned to produce a report on how global warming could affect the financial sector, potentially impacting food costs, insurance markets, the mortgage industry and other economic pillars."
"The report, which [he] said he expected would focus in particular on potential harm to the nation’s agriculture sector, is likely to emerge at a moment when Mr. Trump will be making the case to farm states, [already hurt by] his crop tariffs, to re-elect him in 2020."
Read 3 tweets
Young climate warriors: This Friday, you may be launching the largest coordinated protests of young people and children in history.

The future you're fighting for? That's what I've spent my life working to see.

I'd like to share some truths, from an old warrior to younger ones.
1. First, you're right. You're right to strike; you're right to march; you're right to feel your fear and rage and longing for a better world.

You are the victims of a monstrous intergenerational crime, and you are as right as humans can be to demand justice.
2. You are so right that—even though I'm a tough-skinned veteran of three decades of this fight—your truth brings tears to my eyes.

You should know that there are millions of older people whose hearts are with you.

You should know you are not, in any way, alone.
Read 49 tweets

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