Stranded Assets and the Transition to Low-Carbon Economy

Olaf Weber; Truzaar Dordi; Adeboye Oyegunle

Stranded Assets and the Transition to Low-Carbon Economy

Olaf Weber, Truzaar Dordi, Adeboye Oyegunle

Environment and Geography

Research output: Chapter in Book/Report/Conference proceeding › Chapter (peer-reviewed) › peer-review

Abstract

In the context of the low-carbon transition, stranded assets can be defined as assets that have suffered unanticipated or premature write-downs, devaluations or conversions to liabilities. These assets may refer to resource reserves, infrastructure or industries that may be affected by economic, physical or political changes along a pathway of decarbonisation. This chapter first gives a historical account of stranded assets in a low-carbon transition and presents a systematic review of the literature. Then, it proposes a comprehensive approach to understanding the multitude of factors resulting in stranded asset risk, by including case studies to show how responses to stranded asset risks vary by region. Finally, it offers a research agenda for future studies, addressing some of the limitations to current research.

Original language	English
Title of host publication	Sustainability and Financial Risks
Subtitle of host publication	The Impact of Climate Change, Environmental Degradation and Social Inequality on Financial Markets
Editors	Marco Migliorelli, Philippe Dessertine
Publisher	Palgrave Macmillan
Pages	63-92
Number of pages	30
ISBN (Electronic)	978-3-030-54530-7
ISBN (Print)	978-3-030-54529-1
Publication status	Published - 18 Sept 2020

Publication series

Name	Palgrave Studies in Impact Finance
Publisher	Palgrave Macmillan
ISSN (Print)	2662-5105
ISSN (Electronic)	2662-5113

Cite this

Weber, Olaf ; Dordi, Truzaar ; Oyegunle, Adeboye. / Stranded Assets and the Transition to Low-Carbon Economy. Sustainability and Financial Risks: The Impact of Climate Change, Environmental Degradation and Social Inequality on Financial Markets. editor / Marco Migliorelli ; Philippe Dessertine. Palgrave Macmillan, 2020. pp. 63-92 (Palgrave Studies in Impact Finance).

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Stranded Assets and the Transition to Low-Carbon Economy. / Weber, Olaf; Dordi, Truzaar; Oyegunle, Adeboye.
Sustainability and Financial Risks: The Impact of Climate Change, Environmental Degradation and Social Inequality on Financial Markets. ed. / Marco Migliorelli; Philippe Dessertine. Palgrave Macmillan, 2020. p. 63-92 (Palgrave Studies in Impact Finance).

Research output: Chapter in Book/Report/Conference proceeding › Chapter (peer-reviewed) › peer-review

TY - CHAP

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AU - Dordi, Truzaar

AU - Oyegunle, Adeboye

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N2 - In the context of the low-carbon transition, stranded assets can be defined as assets that have suffered unanticipated or premature write-downs, devaluations or conversions to liabilities. These assets may refer to resource reserves, infrastructure or industries that may be affected by economic, physical or political changes along a pathway of decarbonisation. This chapter first gives a historical account of stranded assets in a low-carbon transition and presents a systematic review of the literature. Then, it proposes a comprehensive approach to understanding the multitude of factors resulting in stranded asset risk, by including case studies to show how responses to stranded asset risks vary by region. Finally, it offers a research agenda for future studies, addressing some of the limitations to current research.

AB - In the context of the low-carbon transition, stranded assets can be defined as assets that have suffered unanticipated or premature write-downs, devaluations or conversions to liabilities. These assets may refer to resource reserves, infrastructure or industries that may be affected by economic, physical or political changes along a pathway of decarbonisation. This chapter first gives a historical account of stranded assets in a low-carbon transition and presents a systematic review of the literature. Then, it proposes a comprehensive approach to understanding the multitude of factors resulting in stranded asset risk, by including case studies to show how responses to stranded asset risks vary by region. Finally, it offers a research agenda for future studies, addressing some of the limitations to current research.

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