New research: The world faces a crisis much worse than the 2008 financial crisis

A "fossil bubble" has been created by the enormous investments in fossil energy – and it can burst in the near future, say researchers from Cambridge University.

Photo: Martin Meissner/AP/Ritzau

The financial crisis from 2008 will seem like a tender kiss from an affectionate lover compared to the nightmare that awaits us.

"New research suggests that the momentum behind technological change in the global power and transportation sectors will lead to a dramatic decline in demand for fossil fuels in the near future," writes Jorge Viñuales, law professor and founder and Cambridge Centre for Environment, Energy and Natural Resource Governance (C-EENRG) at Cambridge University.

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