Climate policy and stranded carbon assets: a financial perspective

Unanticipated climate policy curbs the value of physical capital that is costly to adjust. We illustrate this by showing that climate policy to keep peak global warming below 2°C depresses the share prices of oil and gas majors and their market capitalisation, curbs exploration investment a...

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Opis bibliograficzny
Główni autorzy: Van der Ploeg, R, Rezai, A
Format: Working paper
Wydane: University of Oxford 2018

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