1st Edition
Stranded Assets Developments in Finance and Investment
Introduction: stranded assets and the environment Ben Caldecott
1. Investment consequences of the Paris climate agreement Howard Covington
2. Blindness to risk: why institutional investors ignore the risk of stranded assets Nicholas Silver
3. Transition risks and market failure: a theoretical discourse on why financial models and economic agents may misprice risk related to the transition to a low-carbon economy Jakob Thoma and Hugues Chenet
4. Social and asocial learning about climate change among institutional investors: lessons for stranded assets Elizabeth S. Harnett
5. Assessing the sources of stranded asset risk: a proposed framework Bob Buhr
6. Climate change and the fiduciary duties of pension fund trustees – lessons from the Australian law Sarah Barker, Mark Baker-Jones, Emilie Barton and Emma Fagan
7. Game theory and corporate governance: conditions for effective stewardship of companies exposed to climate change risks Lucas Kruitwagen, Kaveh Madani, Ben Caldecott and Mark H.W. Workman
8. A comparative analysis of the anti-Apartheid and fossil fuel divestment campaigns Chelsie Hunt, Olaf Weber and Truzaar Dordi
Biography
Ben Caldecott is founding Director of the Oxford Sustainable Finance Programme in the Smith School of Enterprise and the Environment at the University of Oxford, UK. He is a leading authority on sustainable finance and investment with a considerable international reputation. He has pioneered key concepts in his field, including the concept of ‘stranded assets’ and is the leading academic researcher in this area internationally.
