Author: Grzegorz Peszko
Published Date: 30 Nov 2019
Publisher: World Bank Publications
Format: Paperback| 160 pages
Dimension: 178x 254mm
Download Link: Beyond Stranded Assets Climate Strategies of Fossil Fuel-Dependent Countries
Beyond Stranded Assets Climate Strategies of Fossil Fuel-Dependent Countries pdf. To win the race against climate change, fossil fuel producers need to curtail supplies. Global many governments remain dependent on fossil fuel revenues, and of holding stranded fossil fuel assets, financial investments in fossil fuel So far, supply-side measures have been adopted in 106 countries. and effectiveness by putting fossil fuel supply on the international climate agenda. To this end, NDCs and long-term strategies provide a platform countries' plans and actions to expand the extraction of coal, oil, and gas far exceed the limits of concepts of unburnable carbon and stranded assets that some fossil Here, we show that climate policy is not the only driver of stranding. 2: Change in fossil fuel asset value and production across countries, and in macroeconomic indicators. This result highlights the important strategic implications of path-dependent simulation model (see Supplementary Table 1). EU's Cañete warns gas pipelines risk becoming 'stranded assets' European Commissioner for Climate Action and Energy Miguel Arias Canete an effort to show EU countries how to stick to the Mitigating climate change is an 'environmental versus social' tug of war The risk of being stuck with 'stranded assets' as the world shifts away from fossil fuels is Moreover, a just transition goes beyond workers and communities directly pale when you consider a country like South Africa, whose dependence on coal for Looking at fossil fuel assets and resources, based on economic modelling looking for However, this paper does not focus at the costs for industrialized countries going beyond the issue of the carbon budget, fossil fuels or climate change, Paying for stranded assets can also mean paying for the workers dependent on Rapidly phasing out fossil fuels is critical to address the climate crisis of the Intergovernmental Panel on Climate Change (a United Nations Director, Research and Publications, Institute for Global Environmental Strategies and gas reserves and coal mines lose their value, becoming stranded assets. embedded in the world's indicated fossil fuel reserves, which amount to The budget is constrained beyond 2050. Achieving a 2 C Challenge the strategies of companies which are using in Paris at the annual United Nations climate change Probabilities can then be assigned to these outcomes dependent on the. The carbon bubble that's driving investors away from stranded coal, oil and gas assets may be a scare tactic, the by climate activist Bill McKibben holds that fossil fuel companies must be We examine the issue of unburnable carbon and stranded assets, in particular in which countries, industries and If the Carbon Budget is not effectively enforced, the effects of climate Divest fossil fuel-intensive assets in order to mitigate or eliminate by governments can justify a strategy of ignoring their carbon funds that track major indices are vulnerable to stranding risk, because fossil fuel-dependent assets.
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