The world is heading in the wrong direction despite the efforts to approve new sustainable development goals and a new climate accord, writes Andrew Simms in The Guardian. Andrew cites research co-authored by Chris Hope, Reader in Policy Modelling at University of Cambridge Judge Business School. The research provides investors with an insight into measuring the company-by-company “hidden” risk in investing in fossil fuel companies. “Fossil-fuel companies enjoy an ‘implicit subsidy’ that totalled $800 billion in 2011, a figure that could pose an investment risk should it be impacted by regulations that eliminate or reduce it,” concludes the paper.
Read the full article [theguardian.com]