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Fossil fuels to lose ALL their value costing global economy $4 Trillion!

Researchers warn, losses will only be exacerbated,
. . . if governments continue to neglect renewable energy,
. . . in favor of carbon-intensive economies.

"If OPEC nations maintain production levels as prices drop,
. . . they will crowd out the market, and
. . . will be the only ones able to produce fossil fuels at the low costs required, and
. . . exporters such as the US, and Canada will be unable to compete."

Mr Viñuales also warned that the devastation to the economy,
. . . caused by the carbon bubble,
. . . could lead to the rise of “populist parties”.

6-6-2018 Source:  #Fossil fuels to lose $4 Trillion!