2° Celsius = 565 gigatons but 2,795 gigatons = $27 trillion

I normally criticise environmentalists using financial numbers, but Bill McKibben’s argument in August’s Rolling Stone is based on really interesting numbers:

167 countries are signed up to the 2° target (keep the impact of climate change within this range).

565 gigatons is the amount of carbon we can release into the atmosphere (roughly speaking) before we cross the 2° threshold (maybe).  That’s just 16 years on current projections.

2,795 gigatons is what the current reserves of coal and oil based on fossil fuel industry reporting.

$27 trillion is what this represents on the balance sheets of the fossil fuel companies.

Read on here.

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