The global economy is riding on a financial bubble that dwarfs the subprime crisis — a $22 trillion carbon bubble. On our present pathway, humanity is expected to burn through proven fossil fuel reserves by 2050, making global warming greater than 5°C (9°F) likely and civilizationally catastrophic effects irreversible. To have an 80 percent chance of keeping warming below 2°C, 80 percent of proven reserves need to stay unburned. The present estimated value of these civilization-threatening reserves is approximately $22 trillion.
INFOGRAPHIC: The $22 Trillion Carbon Bubble