From the Rocky Mountain Institutes blog.rmi.org/blog_2014_01_29_fixing_the_broken_compass_natural_capitalism ...a single, international carbon budget designed to restrict global warming to within the “acceptable” 2 degrees Celsius band.... would effectively dictate that two-thirds of the planet’s remaining known fossil fuel reserves should stay in the ground. This in turn would represent a massive balance sheet risk to some of the most powerful economies and corporations in the world. Acknowledging these risks entails not just a punitive discounting approach, but also a dramatic write-off in value. In other words, this planets evolution is on the verge of stopping unless people like the Koch brothers can find a way to give up most of their worth. May the bird of paradise fly up their noses...
Posted on: Sun, 02 Feb 2014 18:38:08 +0000
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