Stranded Assets: Developments in Finance and Investment

ISBN-13: 9780367529994 / Angielski / Miękka / 2021 / 184 str.

Ben Caldecott

Opis

Exploring how stranded assets are relevant to investor strategy and decision-making, and to understanding and influencing financial institutions, this book was first published as a special issue of Journal of Sustainable Finance and Investment.

Spis treści

Introduction: stranded assets and the environment  1. Investment consequences of the Paris climate agreement  2. Blindness to risk: why institutional investors ignore the risk of stranded assets  3. Transition risks and market failure: a theoretical discourse on why financial models and economic agents may misprice risk related to the transition to a low-carbon economy  4. Social and asocial learning about climate change among institutional investors: lessons for stranded assets  5. Assessing the sources of stranded asset risk: a proposed framework 6. Climate change and the fiduciary duties of pension fund trustees – lessons from the Australian law  7. Game theory and corporate governance: conditions for effective stewardship of companies exposed to climate change risks  8. A comparative analysis of the anti-Apartheid and fossil fuel divestment campaigns

O autorze

Ben Caldecott is founding Director of the Oxford Sustainable Finance Programme in the Smith School of Enterprise and the Environment at the University of Oxford, UK. He is a leading authority on sustainable finance and investment with a considerable international reputation. He has pioneered key concepts in his field, including the concept of ‘stranded assets’ and is the leading academic researcher in this area internationally.