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The international agreement to limit CO2 in the atmosphere means that governments can no longer commit public funds or, for that matter facilitate private sector funding for carbon-intensive projects. Beyond funding issues there is a growing risk that these investments will create “stranded assets” as economies shift towards renewables. Laetitia De Marez, senior climate policy analyst at Climate Analytics Inc. in New York: “COP 21 was a clear signal to business that any investment in infrastructure has to be low carbon.”