ITS EDUCATION ASIA ARTICLE

Half world's fossil fuel assets could become worthless by 2036 in net zero transition

By Danny Harrington, MD ITS Education Asia

A very interesting read in The Guardian highlighting the complexity of any transition, especially the carbon transition we know we need to undertake. A report in Nature Energy shows how transitioning offers both opportunities and dangers. High income countries have already seen something similar as they transitioned from industrial to post-industrial economies from the 1970s onwards. Many places still feel the negative impacts of that today, while others have boomed. Moving away from carbon-based economic activity will have similar repercussions which governments need to manage carefully and where the UN has a key role.