Stranded Assets: Environmental Drivers, Societal Challenges, and Supervisory Responses.

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Title: Stranded Assets: Environmental Drivers, Societal Challenges, and Supervisory Responses.
Authors: Caldecott, Ben1 (AUTHOR) ben.caldecott@smithschool.ox.ac.uk, Clark, Alex1 (AUTHOR), Koskelo, Krister1 (AUTHOR), Mulholland, Ellie2 (AUTHOR) ellie@commonwealthclimatelaw.org, Hickey, Conor1 (AUTHOR)
Source: Annual Review of Environment & Resources. Oct2021, Vol. 46, p417-447. 26p.
Subjects: Environmental degradation, Assets (Accounting), Climate change, Financial institutions
Abstract: Environmental factors, particularly those related to climate change, are stranding or could strand assets across different sectors and geographies with significant implications for economies, companies, financial institutions, communities, and workers. In this review, we focus on physical climate change, biodiversity loss, and litigation related to environmental factors as causes of stranded assets. We also review the emerging literature on the consequences of asset stranding for society before turning to some of the key supervisory responses that are emerging to ensure that stranded assets are measured and managed, particularly by financial institutions. These are among the areas of the stranded assets literature that have been growing most rapidly since 2015, and we focus on the literature produced since then. [ABSTRACT FROM AUTHOR]
Copyright of Annual Review of Environment & Resources is the property of Annual Reviews Inc. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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  Data: Stranded Assets: Environmental Drivers, Societal Challenges, and Supervisory Responses.
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  Data: <searchLink fieldCode="JN" term="%22Annual+Review+of+Environment+%26+Resources%22">Annual Review of Environment & Resources</searchLink>. Oct2021, Vol. 46, p417-447. 26p.
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  Data: <searchLink fieldCode="DE" term="%22Environmental+degradation%22">Environmental degradation</searchLink><br /><searchLink fieldCode="DE" term="%22Assets+%28Accounting%29%22">Assets (Accounting)</searchLink><br /><searchLink fieldCode="DE" term="%22Climate+change%22">Climate change</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+institutions%22">Financial institutions</searchLink>
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  Data: Environmental factors, particularly those related to climate change, are stranding or could strand assets across different sectors and geographies with significant implications for economies, companies, financial institutions, communities, and workers. In this review, we focus on physical climate change, biodiversity loss, and litigation related to environmental factors as causes of stranded assets. We also review the emerging literature on the consequences of asset stranding for society before turning to some of the key supervisory responses that are emerging to ensure that stranded assets are measured and managed, particularly by financial institutions. These are among the areas of the stranded assets literature that have been growing most rapidly since 2015, and we focus on the literature produced since then. [ABSTRACT FROM AUTHOR]
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  Data: <i>Copyright of Annual Review of Environment & Resources is the property of Annual Reviews Inc. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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RecordInfo BibRecord:
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      – Type: doi
        Value: 10.1146/annurev-environ-012220-101430
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      – Code: eng
        Text: English
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        PageCount: 26
        StartPage: 417
    Subjects:
      – SubjectFull: Environmental degradation
        Type: general
      – SubjectFull: Assets (Accounting)
        Type: general
      – SubjectFull: Climate change
        Type: general
      – SubjectFull: Financial institutions
        Type: general
    Titles:
      – TitleFull: Stranded Assets: Environmental Drivers, Societal Challenges, and Supervisory Responses.
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            – D: 01
              M: 10
              Text: Oct2021
              Type: published
              Y: 2021
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              Value: 46
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