For so many years Jeremy Leggett and his peers at the Carbon Tracker Initiative, a London think tank that is well known in the realm of energy, climate and economic wonks, have said that the world's financial system and the experts, researching and regulating it weren’t rightly carrying out the inspection of the economic hazards linked to climate change.

Carbon Tracker released a report warning in 2011, saying that energy companies control coal, oil and gas reserves far too bigto safely burn, providing the framework of a so-called carbon budget. This week Leggett explained that analysis didn't make a huge splash and didn't express a new message.

But two years later, in April within a report subtitled, ‘Wasted Capital and Stranded Assets’, the group's analysts come up with a number of financial concerns, including regulators were not able to slow or probe the money buildup in the fossil energy industry and linked risky assets,The focus of institutional money managers was on short-term profit, not long-term threats, and other experts such as actuaries, analysts and accountants, weren't scrutinizing the ‘overall integrity’ of the markets and the economic jolt a extensive shift toward cleaner energy sources could bring.

All these and other factors togetherresulted into a nuanced result that investors and firms stand to lose tremendous amounts of money in case policymakers gives nod to climate legislation that bares companies from resources extraction as markets efficiently make those hydrocarbon pockets quite costly to pursue.

They agree with it or now, many now know that concept as the ‘stranded assets’ theory. The statement was a bold one and it came along with data.

The report said that between 60 and 80% of the coal, oil and gas pockets owned by public companies, can't be burned in case the world wants to meet the 2-degree-by-2050 target.