Mark Campanale - Stranded Assets and Unburnable Carbon Risk - 17 Oct 2014

submitted by Climate Change:How Skewed Are We...Reall on 06/26/16 1

About the Speech: As governments seek to agree on measures which will keep climate change within the 2°C limit, questions arise about the value of fossil fuel reserves remaining in the ground. According to Mark Campanale and the Carbon Tracker Initiative, this ‘unburnable carbon’ will become a stranded asset for many companies if governments proceed seriously in tackling climate change. Mr. Campanale made the argument that investing in fossil fuel companies makes neither economic nor climate sense. He called for a re-evaluation of energy business models based on carbon budgets. About the Speaker: Mark Campanale is the founder of the Carbon Tracker Initiative, a non-profit organisation which aims to shift financial markets toward a low-carbon future. Mr. Campanale commissioned and was editor of the report, 'Unburnable Carbon: Are Markets Carrying a Carbon Bubble?'. Prior to forming Carbon Tracker, Mark had twenty-five years experience in sustainable financial markets. He served on the World Business Council for Sustainable Development working group on capital markets leading up to the 1992 Earth Summit; was a Member of the Steering Committee of UNEP Financial Sector Initiative (1999-2003), and continues to advise a number of investment funds.

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