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80% percent of the world’s coal and up to half of the world’s oil and gas need to stay in the ground. These reserves and all the infrastructure that’s being built to extract them is what we call stranded assets. These fossil fuels are concentrated in a few countries which are extremely dependent on them for revenues and incomes – think of Libya or Venezuela. These countries need to adapt quickly because there is no escape from this global trend. The earlier they do so, the better they will be off.

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