Researchers predict economic downturn if fossil fuel investment goes unchecked
In Summary : An economic downturn on the level of the 2008 recession is coming if we keep investing in fossil fuels, researchers say. If f...
https://updatesinfosec.blogspot.com/2018/06/researchers-predict-economic-downturn.html
In Summary :
An economic downturn on the level of the 2008 recession is coming if we keep investing in fossil fuels, researchers say. If fossil fuel-producing countries like the US, Canada, and Russia don't guide their economies away from oil, gas, and coal, then low-carbon technology could render at least some of those investments worthless. According to a paper in Nature Climate Change, approximately $1 trillion to $4 trillion could be lost from the global economy, even taking into account the fact that the Trump administration has hit the brakes on a lot of climate change policy in the US. [...]
kindly refer the following link as follow up :
https://arstechnica.com/?p=1319209
An economic downturn on the level of the 2008 recession is coming if we keep investing in fossil fuels, researchers say. If fossil fuel-producing countries like the US, Canada, and Russia don't guide their economies away from oil, gas, and coal, then low-carbon technology could render at least some of those investments worthless. According to a paper in Nature Climate Change, approximately $1 trillion to $4 trillion could be lost from the global economy, even taking into account the fact that the Trump administration has hit the brakes on a lot of climate change policy in the US. [...]
kindly refer the following link as follow up :
https://arstechnica.com/?p=1319209
