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

Posted: 3 Nov 2021

See all articles by Ben Caldecott

Ben Caldecott

University of Oxford - Smith School of Enterprise and the Environment

Alex Clark

University of Oxford

Krister Koskelo

University of Oxford

Ellie Mulholland

Commonwealth Climate and Law Initiative

Conor Hickey

University of Oxford

Date Written: October 1, 2021

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.

Suggested Citation

Caldecott, Ben and Clark, Alex and Koskelo, Krister and Mulholland, Ellie and Hickey, Conor, Stranded Assets: Environmental Drivers, Societal Challenges, and Supervisory Responses (October 1, 2021). Annual Review of Environment and Resources, Vol. 46, pp. 417-447, 2021, Available at SSRN: https://ssrn.com/abstract=3953090 or http://dx.doi.org/10.1146/annurev-environ-012220-101430

Ben Caldecott (Contact Author)

University of Oxford - Smith School of Enterprise and the Environment ( email )

United Kingdom

Alex Clark

University of Oxford ( email )

Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom

Krister Koskelo

University of Oxford ( email )

Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom

Ellie Mulholland

Commonwealth Climate and Law Initiative ( email )

Smith School of Enterprise and the Environment, Un
Oxford, OX1 3QY
United Kingdom
- (Phone)

HOME PAGE: http://https://ccli.ouce.ox.ac.uk/

Conor Hickey

University of Oxford ( email )

Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom

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