Financing fossil fuels risks a repeat of the 2008 crash. Here's why

Jan 3, 2020

Smoke rises out of factories in Thailand's Chonburi province, about 90 km (56 miles) southeast of Bangkok February 1, 2007. The Intergovernmental Panel on Climate Change (IPCC) will release a long-awaited report assessing the human link to pollution, global warming and climate change in Paris on Friday. A draft of the report, which draws on research by 2,500 scientists from more than 130 countries, projects a big rise in temperatures this century and warns of more heatwaves, floods, droughts and rising sea levels linked to greenhouses gases released mainly by the use of fossil fuels

Is continued investment in fossil fuels leading us towards another financial as well as ecological catastrophe? Image: REUTERS/Sukree Sukplang - GM1DUNAUBRAA

Jennifer Morgan

State Secretary and Special Envoy for International Climate Action, Federal Foreign Office of Germany

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Although progress is being made, it is happening far too slowly

Although progress is being made, it is happening far too slowly Image: TPI, Climate Action 100+

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