Oil giant is wrong on climate policy and on the progress that will be made in renewables over next 20-30 years, says influential economist Nick Stern
Shell is asking investors to bet against the world taking action on climate change or in renewables displacing fossil fuels, says influential economist Nick Stern.
Speaking at a Guardian debate on divestment last night, Lord Stern said Shell and other hydrocarbon companies were getting it wrong on the potential of renewables technology and that people will insist on policies to hold global warming to 2C.
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