Stranded Assets and the Environment: Risk, Resilience and Opportunity

ISBN-13: 9781138120600 / Angielski / Twarda / 2018 / 340 str.

Ben Caldecott

Opis

Over the last few years the topic of 'stranded assets' created by climate change and other environment-related factors has loomed larger and larger. Not only has it sparked off one of the fastest growing social movements in history - the fossil free divestment campaign - it has also prompted reaction from a wide-range of key global actors. While stranded assets are a regular feature of economic systems and are a phenomenon inherent in the 'creative destruction' of economic growth, the causes of asset stranding are changing. Environment-related factors are increasingly stranding assets across a wide range of sectors and geographies and this trend appears to be accelerating. The factors range from physical climate change, through to new environmental regulations (including climate policy), developments in clean energy technology, resource constraints, evolving social norms, and litigation. Despite its growing prominence there remains a great deal of confusion about: what stranded assets are; what assets might be affected; what drives stranding; how financial institutions and companies can manage the risk of stranded assets; what it means for policy makers and regulators; and how it links to climate change policy. Drawing on the work of eminent scholars and practitioners from a range of disciplines, and a broad spectrum of case studies, this book sets itself the ambitious goal of formulating a comprehensive and holistic understanding of stranded assets. The result will be the first complete exposition of the different dimensions and facets of stranded assets from environmental, sustainability, and climate change perspectives. The book will provide much needed clarity as the discourse on stranded assets gathers further momentum. This book will be of great relevance to scholars, practitioners and policy-makers with an interest in include economics, business and development studies, climate policy and environmental studies in general.