When will the carbon bubble cause financial turmoil?

Whereas the UN has agreed to the 2-degree target, which would mean nations can’t emit more than 560 GtCO2 until 2050, the reserves on balance sheets of coal mining and oil and gas companies contain combined over 2600 GtCO2.

As countries look into compliance with their commitments, financial and insurance institutions recognize and quantify the risk of collapse of fossil fuel assets more and more.