• Oil and coal reserves become stranded due to international, top-down carbon budget constraints
Action needed to avoid climate change leaving insurance industry with 'stranded assets'
Stranded assets: The transition to a low-carbon economy argues that firms should stress test portfolios to evaluate their assets' exposure to the effects of climate change and the devaluating impact it could have on them. It urges closer involvement by investors in the governance processes of businesses in which they invest, playing an active role in the development of legislation and regulation around environmental policy.
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