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

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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.

2 Responses to “2° Celsius = 565 gigatons but 2,795 gigatons = $27 trillion”

  1. naqvihamza Says:

    Reblogged this on naqvihamza.

  2. Do the math – 350.org | ecoartscotland Says:

    […] has been focusing on the math argument (see previous post), arguing to leave fossil fuels in the ground, whatever their value on company balance sheets. […]

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