Projects per year
Abstract
This chapter reviews the discussion on the nexus between the low-carbon transition, stranding risk, financial instability, and the role of central banks. It provides an overview of stranding risk estimates of productive and financial asset and discusses the significance of these estimates. Although absolute amounts are important, stranding risks must be comprehended considering the total capital stock as well as the geographical distribution of losses and the nature of owners, e.g., states vs. private owners. The chapter then links the discussion on stranded assets to the role of central banks. It is argued that central banks have an important stabilizing role to play in enhancing states’ ability to tackle asset stranding and losses in fossil fuel revenues. Normative approaches to the role of central banks in the context of the ecological crisis are thus surveyed.
Original language | English |
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Title of host publication | The Elgar Companion to Energy and Sustainability : Interdisciplinary Perspectives on the Sustainable Development Goals |
Editors | Catalina Spataru, Xiaojing Lv, Priscila Carvalho, Manta Devi Nowbuth, Nadia Ameli |
Number of pages | 12 |
Place of Publication | Cheltenham |
Publisher | Edward Elgar Publishing |
Publication date | 2024 |
Edition | 1 |
Pages | 372-383 |
Chapter | 24 |
ISBN (Print) | 9781035307487 |
ISBN (Electronic) | 9781035307494 |
DOIs | |
Publication status | Published - 2024 |
Series | Elgar Companions to the Sustainable Development Goals |
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Funding
Keywords
- Stranded assets
- Central banks
- Climate change
- Financial stability
- Low-carbon transition
Projects
- 1 Finished
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Transition risks management in monetary policy and financial regulation and growth regime stability: Assessing disruptive socioeconomic effects of a climate- and sustainability aligned monetary regime
Cahen-Fourot, L. (Project coordinator) & Knauss, S. (Project participant)
01/02/2021 → 31/08/2024
Project: Research