Macroeconomic impact of stranded fossil fuel assets

  title={Macroeconomic impact of stranded fossil fuel assets},
  author={J. Mercure and H. Pollitt and J. Vi{\~n}uales and N. Edwards and P. Holden and U. Chewpreecha and P. Salas and I. Sognnaes and A. Lam and F. Knobloch},
  journal={Nature Climate Change},
Several major economies rely heavily on fossil fuel production and exports, yet current low-carbon technology diffusion, energy efficiency and climate policy may be substantially reducing global demand for fossil fuels1–4. This trend is inconsistent with observed investment in new fossil fuel ventures1,2, which could become stranded as a result. Here, we use an integrated global economy–environment simulation model to study the macroeconomic impact of stranded fossil fuel assets (SFFA). Our… Expand

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