Carbon capture and offsets are 'fake solutions'
Investors must help businesses prepare for net-zero world and the renewable energy take-over, instead of relying on "fake solutions" such as carbon capture and storage (CCS) or carbon offsets, an Environmental Finance webinar heard.
Fossil fuel reserve profits 'could fall by two-thirds'
Falling demand and rising investment risk is forecast to slash profits from fossil fuel reserves, research by Carbon Tracker reported, estimating they could collapse by almost two-thirds.
Peak demand for fossil fuels likely in five years, Carbon Tracker predicts
A likely peak in demand for fossil fuels in 2023 will put trillions of dollars of investments at risk of being stranded, according to the Carbon Tracker Initiative.