Carbon

Over the past decades, markets have invested in damaging industries such as fossil fuels and financial speculation. This has contributed to unsustainable development, and may well be creating an enormous ‘carbon bubble’. However, there are steps we can take to stop this bubble turning into another subprime-style crisis.

Can Europe’s economy remain competitive without a low-carbon transformation? The answer is a clear ‘no’. How then can we achieve such a reality? Only through a clear change in Europe’s budget priorities and a range of innovative measures.

As the level of CO2 in the atmosphere passes the 400ppm mark, the failure of the European Parliament to rescue Europe’s emissions trading scheme looks even more alarming.