Carbon Bubble concept is a very interesting one, clearly supported by most climate hawks but somehow questioned too in other cases as: “Carbon Bubbles — Who’s Kidding Who?“. The concept is a translation from financial or housing bubbles. Bubbles are wonderful, the grow and grow until they explode, it is a very well-known concept in the south of Europe recently and in many other places along history.
So, what would be a carbon bubble? It is simple, even if the estimations of fossil fuel reserves are correct a great part of them should not be used if we do not want to enter in a really catastrophic climate change, so they should be useless and the companies that own them not so worthy.
Yet, this idea is not mainstream in any stock market or society and the oil or gas deposit continue to be considered as valuable as ever or more. This is a contradiction for many as climate change is widely recognized (even for oil companies) as a threat, the question is that most uf us in OCDE theoretically recognise climate change as a scientific fact but do not go further to consider it a vital challenge of our generation, and this is the problem. While this problem persists the carbon bubble will remain wandering harmless and several people will have to insist in the need of urgent action..