Fossil fuel divestment and climate change: Reviewing contested arguments

  title={Fossil fuel divestment and climate change: Reviewing contested arguments},
  author={Sibylle Braungardt and Jeroen van den Bergh and Tessa Dunlop},
  journal={Energy Research \& Social Science},

Divestment, energy incumbency and the global political economy of energy transition: the case of Adani’s Carmichael mine in Australia

ABSTRACT Divestment campaigners are relatively new entrants to climate activism but have already made important contributions to the efforts of their climate movement allies. Through their strategy

Investors’ Moral and Financial Concerns—Ethical and Financial Divestment in the Fossil Fuel Industry

It is discussed intensively whether divestment decease sales in the fossil fuel industry or whether investors divest from the fossil fuel industry because of stranded assets. Furthermore, it is

Globalization and climate change: State of knowledge, emerging issues, and policy implications

In an integrated global economy, trade policy and climate policy are closely intertwined. This paper adopts an interdisciplinary approach to provide an overview of the key debates in economics,

Is Exclusion Effective?

Many believe that investors can contribute to a more sustainable world by divesting from firms with the worst sustainability profiles. However, exclusion comes down to a transfer of ownership from

Misplaced expectations from climate disclosure initiatives

The financial sector’s response to pressures around climate change has emphasized the role of disclosure, notably through the recommendations of the Financial Stability Board’s Task Force on

Deliberate decline: An emerging frontier for the study and practice of decarbonization

Promoting low‐carbon innovation has long been a central preoccupation within both the practice and theory of climate change mitigation. However, deep lock‐ins indicate that existing carbon‐intensive

The Climate Change Dimension of Business and Human Rights: The Gradual Consolidation of a Concept of ‘Climate Due Diligence’

  • C. Macchi
  • Law
    Business and Human Rights Journal
  • 2020
Abstract This article makes the case for a ‘holistic’ approach to human rights due diligence, arguing that such a standard must be interpreted in the light of mutually reinforcing principles of

The Effects of Mutual Fund Decarbonization on Stock Prices and Carbon Emissions

This study seeks to determine whether mutual fund decarbonization affects the stock prices of divested firms and contributes to the reduction of these firms’ carbon emissions. Using a new methodology

Higher cost of finance exacerbates a climate investment trap in developing economies

This study shows how modelled decarbonisation pathways for developing economies are disproportionately impacted by different weighted average cost of capital (WACC) assumptions.

Does Sustainable Investing Deprive Unsustainable Firms from Fresh Capital?

This paper examines the sustainability characteristics of listed firms that raise fresh capital by issuing stocks or bonds. Issuance, i.e. the primary market, should be of paramount importance to



Impacts of the Fossil Fuel Divestment Movement: Effects on Finance, Policy and Public Discourse

The fossil fuel divestment movement campaigns for removing investments from fossil fuel companies as a strategy to combat climate change. It is a bottom-up movement, largely based in university

Divesting from Climate Change: The Road to Influence

Is fossil fuels divestment likely to achieve its aims? This article evaluates the rationales for divestment in terms of their capacity to give the campaign influence. It focuses on the direct effects

The Morality of Divestment

Divestment from companies that produce or heavily utilize fossil fuels has become one of the biggest issues in the contemporary moral debate surrounding climate change. Universities and other

Non-state governance and climate policy: the fossil fuel divestment movement

This article charts the evolution of the divestment movement, a transnational advocacy network that uses a range of strategies to shame, pressure, facilitate, and encourage investors in general, and

Justice is the goal: divestment as climate change resistance

This article takes a sympathetic look at the university fossil fuel divestment movement. The push for divestment is changing the conversation about what “sustainability” means for college campuses.

Building Norms from the Grassroots Up: Divestment, Expressive Politics, and Climate Change

The fossil fuel divestment movement is at the forefront of civil society initiatives to raise public consciousness about the need for a “fossil-free” future. Through the lens of the social movement

Litigation in the Fossil Fuel Divestment Movement

The fossil fuel divestment movement has been described as the fastest-growing disinvestment movement in history, and in recent years it has continued to expand. Despite its growth, however, the

Rationale of early adopters of fossil fuel divestment

Purpose This research uses the social science perspectives of institutions, ecological modernization and social movements to analyze the rationale used by the early-adopting universities of

A Contest for Legitimacy: The Divestment Movement and the Fossil Fuel Industry

The divestment movement has sought to influence attitudes to fossil fuels by framing producer companies as pariahs and as unnecessary and redundant. In response, the fossil fuel industry has engaged

The Path to Fossil Fuel Divestment for Universities: Climate Responsible Investment

Should university endowments divest from fossil fuels? A public discussion of this question has included some university presidents issuing statements that they would not, that investments should not