Macroeconomic impact of stranded fossil fuel assets

By Jean-François Mercure, H. Pollitt, J. Viñuales, N. R. Edwards, P. Holden, U. Chewpreecha, P. Salas, Ida Sognnaes, A. Lam, Florian Knobloch. Nature Climate Change, 2018

353 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/8f493d28ea8acd5a2522be683d8eea8f39ef60f6

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Citations in the corpus

Feeling the Heat: Climate Risks and the Cost of Sovereign Borrowing (2021, background): “While a growing body of research has studied the macroeconomic impacts of climate change (Hochrainer 2009; von Peter, von Dahlen, and Saxena 2012; Cabezon et al. 2015; Batten 2018; Mercure et al. 2018; Cantelmo, Melina, and Papageorgiou 2019; Batten, Sowerbutts, and Tanaka 2020), relatively little r”
Low‐carbon transition risks for finance (2020, background): “Without stabilizing government policy, highcost fossil fuel producers could even lose up to 3% (USA) and 8% (Canada) of employment (Mercure et al., 2018), when including multiplier and knock-on effects of income and spending changes across the economy.”
The Myth of Market Neutrality: A Comparative Study of the European Central Bank’s and the Swiss National Bank’s Corporate Security Purchases (2019, background): “Similarly, climate risks are not adequately priced by markets, since successful climate transition requires assets to be written off for a value somewhere between US$1 and 4 trillion (Mercure et al. 2018).”
Social impacts of climate change mitigation policies and their implications for inequality (2019, background): “fuel intensive industries or increased mining of rare minerals (Ali, 2014; Golev, Scott, Erskine, Ali, & Ballantyne, 2014; Massari & Ruberti, 2013; Mercure et al., 2018; The World Bank, 2017).”
Modelling innovation and the macroeconomics of low-carbon transitions: theory, perspectives and practical use (2019, background): “…finance and money on the real economy (Guttmann, 2016; Minsky, 1986; Monasterolo & Raberto, 2018), including stranded assets (McGlade & Ekins, 2015; Mercure et al., 2018b) or assets at risk from climate change and climate policy (Bank of England, 2015; Battiston, Mandel, Monasterolo, Schütze, &…”