Daniel Murray is joined by Mark Campanale, CEO of Carbon Tracker for the latest episode of Five Degrees of Change, the energy and environment podcast from the Business Post
In Five Degrees of Change some of the most influential voices on Energy and Environment will propose three big policy changes, and also outline two small personal changes they have made to contribute to a greener world. In episode six, host Daniel Murray is joined by Mark Campanale.
Mark Campanale is CEO of Carbon Tracker, the financial think tank that interprets the financial realities of the energy transition. Carbon Tracker is a hugely influential body. It has led the charge on convincing investors around the world to divest of their fossil fuel assets. It was Carbon Tracker that coined the term ‘carbon bubble’ when it produced a paper in 2011 concluding that there were more fossil fuel reserves in there world than could be safely burned according to the best climate science. That reported gained a cult like status after Bill McKibben used it as the basis for an article in Rolling Stone magazine. Carbon Tracker and Campanale then went on to coin the phrase ‘stranded asset’ which conceived that fossil fuel assets could become worthless in the coming years if the clean energy transition began to gather pace. The term is now a regular part of financial market jargon and the concept has led to investors around the world reconsidering the long term value of their fossil fuel assets.
Stream the podcast with the player below or follow the links to wherever you usually get your podcasts.