DNNGY - Failure To Diversify Away From Fossil Fuels Could Trigger A New Financial Crisis
- During the COP26, the UN Climate Change Conference, new agreements are being sought to keep our planet habitable.
- An influential Nature Energies publication concludes that climate policy does not detrimentally influence economic growth.
- As a result, investments in fossil fuel companies have become high-risk, even in the seemingly stable oil majors.
- As decarbonization gains more traction, differing incentives between energy importers, high-cost energy producers, and OPEC could trigger a new financial crisis.
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Failure To Diversify Away From Fossil Fuels Could Trigger A New Financial Crisis