Assets in the fossil fuel industries are at risk of losing market value due to unanticipated
breakthroughs in renewable technology and governments stepping up climate policies in …

Transitioning to a low‐carbon economy will entail sweeping transformations of energy and
economic systems. A growing research body has raised concerns about the effect of such …

This book owes much to other people. There are, first and foremost, my coauthors in the
fields of poverty and income distribution, with whom it has been a great pleasure to work …

A timely low-carbon transition will require a significant decline in fossil fuel production and
consumption. This in turn exposes the rest of economic sectors to the risk of reduced …

The change in the level of operating performance of state-owned enterprises (SOEs) under
the constraint of climate policies is directly related to the success or failure of subsequent …

Most fossil fuel resources must remain unused to comply with the Paris Agreement on
Climate Change. Scholars and policymakers debate which approaches should be …

If global warming is to stay below 2° C, there are four risks of assets stranding. First,
substantial fossil fuel reserves will be stranded at the end of the fossil era. Second, this is …

A disorderly transition to a low-carbon economy may pose significant costs for both financial
and nonfinancial firms through the stranding of physical assets, firms' defaults, and volatility …

Uncertainty surrounding if and when the US government will implement a federal climate
policy introduces risk into the decision to invest in capital used in conjunction with fossil …

Using a text-based firm-level measure of climate policy exposure, we show that climate
policies have led to a global decline of 6.5 percent in investment among publicly traded oil …