Energy change means peril for investors | Climate News Network
▻http://www.climatenewsnetwork.net/2013/10/energy-change-means-peril-for-investors
Making the transition from fossil fuels to renewable energy sources is essential for the future of our planet, but taking the first steps towards real change will make hugely challenging demands.
LONDON, 1 November – The global energy system is rather like an oil supertanker, sailing the oceans with its vast cargo. Everything is fine as long as the giant ship doesn’t have to alter course or stop suddenly.
The system, overwhelmingly reliant on fossil fuels, is highly complex but over time has been remarkably resilient, delivering considerable economic growth and political and societal stability in many regions.
The trouble, according to a new report, is that climate change and other factors mean the good ship energy is having to change course – but most investors in the sector are either asleep or looking the other way.