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| DOI | 10.1038/s41558-022-01356-y |
| Stranded fossil-fuel assets translate to major losses for investors in advanced economies | |
| Semieniuk G.; Holden P.B.; Mercure J.-F.; Salas P.; Pollitt H.; Jobson K.; Vercoulen P.; Chewpreecha U.; Edwards N.R.; Viñuales J.E. | |
| 发表日期 | 2022 |
| ISSN | 1758-678X |
| 起始页码 | 532 |
| 结束页码 | 538 |
| 卷号 | 12期号:6 |
| 英文摘要 | The distribution of ownership of transition risk associated with stranded fossil-fuel assets remains poorly understood. We calculate that global stranded assets as present value of future lost profits in the upstream oil and gas sector exceed US$1 trillion under plausible changes in expectations about the effects of climate policy. We trace the equity risk ownership from 43,439 oil and gas production assets through a global equity network of 1.8 million companies to their ultimate owners. Most of the market risk falls on private investors, overwhelmingly in OECD countries, including substantial exposure through pension funds and financial markets. The ownership distribution reveals an international net transfer of more than 15% of global stranded asset risk to OECD-based investors. Rich country stakeholders therefore have a major stake in how the transition in oil and gas production is managed, as ongoing supporters of the fossil-fuel economy and potentially exposed owners of stranded assets. © 2022, The Author(s). |
| 语种 | 英语 |
| scopus关键词 | gas production; OECD |
| 来源期刊 | Nature Climate Change
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/262150 |
| 作者单位 | Political Economy Research Institute and Department of Economics, University of Massachusetts Amherst, Amherst, MA, United States |
| 推荐引用方式 GB/T 7714 | Semieniuk G.； Holden P.B.； Mercure J.-F.； Salas P.； Pollitt H.； Jobson K.； Vercoulen P.； Chewpreecha U.； Edwards N.R.； Viñuales J.E.. Stranded fossil-fuel assets translate to major losses for investors in advanced economies[J],2022,12(6). |
| APA | Semieniuk G.； Holden P.B.； Mercure J.-F.； Salas P.； Pollitt H.； Jobson K.； Vercoulen P.； Chewpreecha U.； Edwards N.R.； Viñuales J.E..(2022).Stranded fossil-fuel assets translate to major losses for investors in advanced economies.Nature Climate Change,12(6). |
| MLA | Semieniuk G.； Holden P.B.； Mercure J.-F.； Salas P.； Pollitt H.； Jobson K.； Vercoulen P.； Chewpreecha U.； Edwards N.R.； Viñuales J.E.."Stranded fossil-fuel assets translate to major losses for investors in advanced economies".Nature Climate Change 12.6(2022). |
| 条目包含的文件 | 条目无相关文件。 | |||||
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