New Financial Tool Helps Investors Assess Risks Of Carbon Bubble

The Carbon Risk Evaluation Tool is available to over 300,000 high-end traders, allowing them to try different future scenarios — all with adjustable parameters — for how policies, at national and local level around the globe could effect stock of companies invested in fossil fuels. The Carbon Risk Evaluation Tool was inspired by a Carbon Tracker Initiative report on the carbon bubble, and is the first step toward giving investors some way to quantify and anticipate that threat. ..thanks to Bloomberg’s clout in the financial world, “when we introduce things like this, we do have a unique ability to elevate the conversation..” Norway’s Storebrand, which holds over $30 billion in assets, recently began excluding major fossil fuel companies from its investments.

>readmore> ThinkProgress

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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