Experts say only policy action can burst the carbon bubble

COP26 next opportunity

While strides are being made to use investment as a route to transition away from fossil fuels, policy action is what will really turn the dial, according to experts.

Mark Campanale, founder and executive chairman at Carbon Tracker, said we are in a ‘carbon bubble', which means the global economy is headed for disaster unless companies align their business models with climate goals. In a panel on stranded assets at our sister publication Business Green's Net Zero Festival, he spoke about the positive strides he has seen in leading that bubble to burst.   The idea of the ‘carbon bubble' means when it burst, investments amounting to trillions of dollars in fossil fuels - coal mines, oil wells, power stations, conventional vehicles - will lose their v...