Stranded assets and thermal coal in Japan: An analysis of environment-related risk exposure
Deploying a ‘bottom up’ asset-level methodology, we analysed the exposure of all of Japan’s current and planned coal-fired power stations to environment-related risk. Planned coal capacity greatly exceeds that required for replacement - by 191%. This may result in overcapacity and combined with comp...
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| Materiálatiipa: | Report |
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Smith School of Enterprise and the Environment
2016
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| _version_ | 1826277337718587392 |
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| author | Caldecott, B Dericks, G Tulloch, D Kruitwagen, L Kok, I |
| author_facet | Caldecott, B Dericks, G Tulloch, D Kruitwagen, L Kok, I |
| author_sort | Caldecott, B |
| collection | OXFORD |
| description | Deploying a ‘bottom up’ asset-level methodology, we analysed the exposure of all of Japan’s current and planned coal-fired power stations to environment-related risk. Planned coal capacity greatly exceeds that required for replacement - by 191%. This may result in overcapacity and combined with competition from other forms of generation capacity with lower marginal costs (e.g. nuclear and renewables), lead to significant asset stranding of coal generation assets. Stranded coal assets in Japan would affect utility returns for investors; impair the ability of utilities to service outstanding debt obligations; and create stranded assets that have to be absorbed by taxpayers and ratepayers. |
| first_indexed | 2024-03-06T23:27:23Z |
| format | Report |
| id | oxford-uuid:6ad7eaf6-efef-41e1-a0ec-b040f8b704a3 |
| institution | University of Oxford |
| last_indexed | 2024-03-06T23:27:23Z |
| publishDate | 2016 |
| publisher | Smith School of Enterprise and the Environment |
| record_format | dspace |
| spelling | oxford-uuid:6ad7eaf6-efef-41e1-a0ec-b040f8b704a32022-03-26T19:00:02ZStranded assets and thermal coal in Japan: An analysis of environment-related risk exposureReporthttp://purl.org/coar/resource_type/c_93fcuuid:6ad7eaf6-efef-41e1-a0ec-b040f8b704a3Symplectic Elements at OxfordSmith School of Enterprise and the Environment2016Caldecott, BDericks, GTulloch, DKruitwagen, LKok, IDeploying a ‘bottom up’ asset-level methodology, we analysed the exposure of all of Japan’s current and planned coal-fired power stations to environment-related risk. Planned coal capacity greatly exceeds that required for replacement - by 191%. This may result in overcapacity and combined with competition from other forms of generation capacity with lower marginal costs (e.g. nuclear and renewables), lead to significant asset stranding of coal generation assets. Stranded coal assets in Japan would affect utility returns for investors; impair the ability of utilities to service outstanding debt obligations; and create stranded assets that have to be absorbed by taxpayers and ratepayers. |
| spellingShingle | Caldecott, B Dericks, G Tulloch, D Kruitwagen, L Kok, I Stranded assets and thermal coal in Japan: An analysis of environment-related risk exposure |
| title | Stranded assets and thermal coal in Japan: An analysis of environment-related risk exposure |
| title_full | Stranded assets and thermal coal in Japan: An analysis of environment-related risk exposure |
| title_fullStr | Stranded assets and thermal coal in Japan: An analysis of environment-related risk exposure |
| title_full_unstemmed | Stranded assets and thermal coal in Japan: An analysis of environment-related risk exposure |
| title_short | Stranded assets and thermal coal in Japan: An analysis of environment-related risk exposure |
| title_sort | stranded assets and thermal coal in japan an analysis of environment related risk exposure |
| work_keys_str_mv | AT caldecottb strandedassetsandthermalcoalinjapanananalysisofenvironmentrelatedriskexposure AT dericksg strandedassetsandthermalcoalinjapanananalysisofenvironmentrelatedriskexposure AT tullochd strandedassetsandthermalcoalinjapanananalysisofenvironmentrelatedriskexposure AT kruitwagenl strandedassetsandthermalcoalinjapanananalysisofenvironmentrelatedriskexposure AT koki strandedassetsandthermalcoalinjapanananalysisofenvironmentrelatedriskexposure |