‘Carbon bubble’ coming that could wipe trillions from the global economy

Unlike current expectations, new research suggests that the prospects of the fossil-fuel industry are not bright, and that its demise may have profound economic and geopolitical consequences. Relying on ground breaking modelling techniques, researchers show that the consumption of fossil fuels will slow down or decline in the near future, as a result of ongoing technological change, potentially exacerbated by new climate policies.