But the switch to renewables will be greater because they do not incur the extraction cost of fossil fuels. Investors should move their assets from fossil fuels to renewable energy sources, not just for social or moral reasons, but also for their financial health in the form of stranded carbon assets, warned former Paris Vice President (and now green technology investor) Gore , speaking at UN (COP 21). Al Gore pointed out the many pathways to stranding including the the Paris Climate Conference climate effort, economic inevitability and the dramatic cost down-curve for renewable energy which will soon make them cheaper than fossil fuels. He advised investors to "divest first from the riskiest carbon assets and over time from all that look as if they are in danger of being stranded, and then invest in the fantastic new opportunities that are emerging in the low-carbon economy".
Investors should move their assets from fossil fuels to renewable energy sources, not just for social or moral reasons, but also for their financial health in the form of stranded carbon assets, warned former Paris Vice President (and now green technology investor) Gore , speaking at UN (COP 21). Al Gore pointed out the many pathways to stranding including the the Paris Climate Conference climate effort, economic inevitability and the dramatic cost down-curve for renewable energy which will soon make them cheaper than fossil fuels. He advised investors to "divest first from the riskiest carbon assets and over time from all that look as if they are in danger of being stranded, and then invest in the fantastic new opportunities that are emerging in the low-carbon economy".