Stranded

The global economy is in transition – and many companies, industries and even national economies will not make it to the other side. This is the growing reality of ‘transition risk’. A study published in Nature estimates that a third of oil reserves, half of gas reserves and more than 80% of coal reserves must remain unburned to meet the Paris Climate Agreement. If these assets are left stranded, the carbon bubble will burst, wiping one to four trillion dollars from the global economy, according to Cambridge University research. Other sectors like automotive, chemicals and logistics face similar transition risks.

— Wayne Visser

From Purpose Inspired: Reflections on Conscious Living, Volume 2. Buy on Lulu ↗