The Carbon Bubble: Europe’s next financial crisis?

Green study into the money trail behind the carbon bubble.
Green study into the money trail behind the carbon bubble. Click image for full report.

This October, Molly Scott Cato MEP will be hosting an event which will bring together experts in the field and key stakeholders to discuss the growing threat of the ‘carbon bubble’.

The carbon bubble refers to the overvaluation of oil, gas and coal; fossil fuel assets which scientists say must remain unexploited if global warming is to be limited below 2°C. Details of the event and how to confirm your place are below.

Where: Ramada Encore Hotel, 22 Bath Road, Bournemouth BH1 2NS

When: Friday 2 October 2015, 08:30 – 10:30

Including keynote speaker: Anthony Hobley, Chief Executive, Carbon Tracker Initiative

Who should attend? This meeting is aimed at Financial Professionals, concerned Pension Investors, Pension Providers, Divestment Campaigners, and academics from related disciplines.

Details: The breakfast meeting will be held in Bournemouth, one of the UK’s largest centres for financial services.

The meeting comes at a time when the issue of carbon divestment is gaining momentum and European institutions are beginning to address the issue of over-valued fossil fuel assets.

Last year Green MEPs produced a detailed study into the money trail behind the carbon bubble. The report concluded that with carbon assets in Europe valued at over €1 trillion, a number of financial institutions and EU Member States are at risk, including some sizeable pension funds in the UK. The European Central Bank and World Bank are currently considering these issues.

The event will be an opportunity to find out more about what we can do to protect pension assets, in the context of calls for carbon divestment and the need for a rapid transition to renewables.

Please email Amanda Williams to confirm your place at the breakfast meeting, providing details of any special dietary or other requirements.