Climate change: the risks of stranded fossil fuel assets and resources to the developing world

被引:63
作者
Bos, Kyra [1 ]
Gupta, Joyeeta [1 ]
机构
[1] Univ Amsterdam, Social Sci Res Inst, Dept Human Geog Planning & Int Dev, Amsterdam, Netherlands
关键词
Carbon budget; climate change; developing countries; fossil fuels; stranded assets; stranded resources; 2; DEGREES-C; RENEWABLE ENERGY; OIL; POLICY; DEMOCRACY; RESERVES;
D O I
10.1080/01436597.2017.1387477
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
Under the Paris Agreement, 80% of all proven fossil fuel reserves become stranded resources and investments already made in such resources turn into stranded assets. Much of the existing literature focuses on equitable burden sharing; only a few articles examine the risks for developing countries that invest in new fossil fuels. Hence, this paper addresses the question: What are the risks of investing in fossil fuels for developing countries? In doing so, it examines Kenya, a prospective fossil fuel producer, and China, an investor in fossil fuels. In terms of short- to long-term risks, ignoring new fossil fuels and investing in renewables is favourable and politically, socially, ecologically and economically more rewarding, not least because latecomers to development run the risk of having to compensate investors when new fossil fuel assets strand prematurely and become unrecoverable.
引用
收藏
页码:436 / 453
页数:18
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