South African investors warned against “carbon bubble” risk
Nov.20, 2012 in
News
BusinessGreen: South African investors have today been warned that the country’s coal industry could be significantly over-valued, after new research showed that stated coal reserves cannot be burnt if the country is to remain within the government’s carob targets.
The study from the Carbon Tracker NGO shows that current coal reserves reported to the country’s stock exchange stand at 19.2 gigatonnes of CO2 equivalent (GtCO2e), exceeding the South African government’s stated carbon budget of 16.4GtCO2e for the…
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