Environmental

Australian exposed to carbon bubble through coal resources

Australian coal exports are 11% of the global coal market, but represent 25% of a precautionary global carbon budget for coal, exposing investors in coal resourcesto potentially rapid devaluation and stranded assets, according to a report by The Climate Institute and the Carbon Tracker Initiative.

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Read more: Carbon Tracker,  The Climate Institute,  unburnable carbon,  Vale,  climate change,  AGL Energy,  Alumina,  Anglo-American,  Aquila Resources,  Banpu,  BHP Billton,  CCA,  Climate Change Authority,  CLP Holdings,  Idemitsu Kosan,  IEA,  International Energy Agency,  James Leaton,  John Connor,  Mitsubishi,  Mitsui,  Peabody Energy Corp,  Rio Tinto,  Wesfarmers,  Whitehaven Coal,  Xtrata,  Yanzhou Coal Mining