Arbeitspapier
Stranded Assets in the Transition to a Carbon-Free Economy
Assets in the fossil fuel industries are at risk of losing market value due to anticipated breakthroughs in renewable technology and governments stepping up climate policies in the light of the Paris commitments to limit global warming to 1.5 or 2 degrees Celsius. Stranded assets arise due to uncertainty about the future timing of these two types of events and substantial intertemporal and intersectoral investment adjustment costs. Stranding of assets mostly affects the 20 biggest oil, gas and coal companies who have been responsible for at least a third of global warming since 1965, but also carbon-intensive industries such as steel, aluminium, cement, plastics and greenhouse horticulture. A disorderly transition to the carbon-free economy will lead to stranded assets and legal claims. Institutional investors should be aware of these financial risks. A broader definition of stranded assets also includes countries reliant on fossil fuel exports and workers with technology-specific skills.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 8025
- Klassifikation
-
Wirtschaft
Fiscal Policy
Open Economy Macroeconomics
Portfolio Choice; Investment Decisions
Technological Change: Choices and Consequences; Diffusion Processes
Resource Booms
Natural Resources and Domestic and International Conflicts
Hydrocarbon Resources
Energy: General
Climate; Natural Disasters and Their Management; Global Warming
- Thema
-
de-carbonisation
policy tipping
technology
stranded assets
- Ereignis
-
Geistige Schöpfung
- (wer)
-
van der Ploeg, Rick
Rezai, Armon
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- van der Ploeg, Rick
- Rezai, Armon
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2019
Ähnliche Objekte (12)
The Risk of Policy Tipping and Stranded Carbon Assets
Carbon Taxes and Stranded Assets: Evidence from Washington State
Instrument choice and stranded assets in the transition to clean capital
Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem
Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem
Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem
Climate Policy, Stranded Assets, and Investors' Expectations
Race to Burn the Last Ton of Carbon and the Risk of Stranded Assets
Stranded Assets: Research Gaps and Implications for Climate Policy
Net-zero transition and divestments of carbon-intensive assets
Net-zero transition and divestments of carbon-intensive assets
Stranded Assets, the Social Cost of Carbon, and Directed Technical Change: Macroeconomic Dynamics of Optimal Climate Policy
The Risk of Policy Tipping and Stranded Carbon Assets
Carbon Taxes and Stranded Assets: Evidence from Washington State
Instrument choice and stranded assets in the transition to clean capital
Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem
Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem
Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem
Climate Policy, Stranded Assets, and Investors' Expectations
Race to Burn the Last Ton of Carbon and the Risk of Stranded Assets
Stranded Assets: Research Gaps and Implications for Climate Policy
Net-zero transition and divestments of carbon-intensive assets
Net-zero transition and divestments of carbon-intensive assets
Stranded Assets, the Social Cost of Carbon, and Directed Technical Change: Macroeconomic Dynamics of Optimal Climate Policy
The Risk of Policy Tipping and Stranded Carbon Assets
Carbon Taxes and Stranded Assets: Evidence from Washington State
Instrument choice and stranded assets in the transition to clean capital
Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem
Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem
Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem
Climate Policy, Stranded Assets, and Investors' Expectations
Race to Burn the Last Ton of Carbon and the Risk of Stranded Assets
Stranded Assets: Research Gaps and Implications for Climate Policy
Net-zero transition and divestments of carbon-intensive assets
Net-zero transition and divestments of carbon-intensive assets