ABSTRACT

Drawing on the work of leading researchers and practitioners from a range of disciplines, including economic geography, economics, economic history, finance, law, and public policy, this edited collection provides a comprehensive assessment of stranded assets and the environment, covering the fundamental issues and debates, including climate change and societal responses to environmental change, as well as its origins and theoretical basis.

The volume provides much needed clarity as the discourse on stranded assets gathers further momentum. In addition to drawing on scholarly contributions, there are chapters from practitioners and analysts to provide a range of critical perspectives. While chapters have been written as important standalone contributions, the book is intended to systematically take the reader through the key dimensions of stranded assets as a topic of research inquiry and practice. The work adopts a broad based social science perspective for setting out what stranded assets are, why they are relevant, and how they might inform the decision-making of firms, investors, policymakers, and regulators. The topic of stranded assets is inherently multi-disciplinary, cross-sectoral, and multi-jurisdictional and the volume reflects this diversity.
 
This book will be of great relevance to scholars, practitioners and policymakers with an interest in include economics, business and development studies, climate policy and environmental studies in general.

chapter 1|22 pages

Introduction

Stranded assets and the environment

chapter 2|32 pages

Stranded assets

Then and now

chapter 3|32 pages

The ‘decarbonisation identity’

Stranded assets in the power generation sector

chapter 4|24 pages

Stranded assets

An environmentally driven framework of sunk costs

chapter 6|28 pages

Examining stranded assets in power generation

Coal, gas and nuclear

chapter 8|31 pages

Knowing the risks

How stranded assets relate to credit risk assessment and the debt markets

chapter 10|32 pages

Climate change

What implications for central banks and financial regulators?

chapter 11|35 pages

Diversifying stranded asset risks by investing in “green”

Mobilising institutional investment in green infrastructure

chapter 12|10 pages

Stranded assets as economic geography

The case for a disciplinary home?