IDEAS home Printed from https://ideas.repec.org/a/eee/wdevel/v130y2020ics0305750x20300735.html
   My bibliography  Save this article

Between stranded assets and green transformation: Fossil-fuel-producing developing countries towards 2055

Author

Listed:
  • Ansari, Dawud
  • Holz, Franziska

Abstract

Climate-related asset stranding refers to the depreciation of assets – such as resource reserves, infrastructure, or industries – resulting from the unanticipated changes, such as the tightening of climate policies. Although developing countries – especially fossil-fuel exporters – may be most concerned by this issue, its analysis in development (economics) has so far been limited.

Suggested Citation

  • Ansari, Dawud & Holz, Franziska, 2020. "Between stranded assets and green transformation: Fossil-fuel-producing developing countries towards 2055," World Development, Elsevier, vol. 130(C).
  • Handle: RePEc:eee:wdevel:v:130:y:2020:i:c:s0305750x20300735
    DOI: 10.1016/j.worlddev.2020.104947
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0305750X20300735
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.worlddev.2020.104947?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Jonathan Pickering & Carola Betzold & Jakob Skovgaard, 2017. "Special issue: managing fragmentation and complexity in the emerging system of international climate finance," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 17(1), pages 1-16, February.
    2. Malik, Adeel & Awadallah, Bassem, 2013. "The Economics of the Arab Spring," World Development, Elsevier, vol. 45(C), pages 296-313.
    3. Clements, Kenneth & Lan, Yihui & Roberts, John, 2008. "Exchange-rate economics for the resources sector," Resources Policy, Elsevier, vol. 33(2), pages 102-117, June.
    4. Bob Buhr, 2017. "Assessing the sources of stranded asset risk: a proposed framework," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 7(1), pages 37-53, January.
    5. Fadly, Dalia, 2019. "Low-carbon transition: Private sector investment in renewable energy projects in developing countries," World Development, Elsevier, vol. 122(C), pages 552-569.
    6. Hoffmann, Martha M. & Ansari, Dawud, 2019. "Simulating the potential of swarm grids for pre-electrified communities – A case study from Yemen," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 108, pages 289-302.
    7. Richerzhagen, Carmen & Scholz, Imme, 2008. "China's Capacities for Mitigating Climate Change," World Development, Elsevier, vol. 36(2), pages 308-324, February.
    8. Alsharif, Nouf & Bhattacharyya, Sambit & Intartaglia, Maurizio, 2017. "Economic diversification in resource rich countries: History, state of knowledge and research agenda," Resources Policy, Elsevier, vol. 52(C), pages 154-164.
    9. Dorband, Ira Irina & Jakob, Michael & Kalkuhl, Matthias & Steckel, Jan Christoph, 2019. "Poverty and distributional effects of carbon pricing in low- and middle-income countries – A global comparative analysis," World Development, Elsevier, vol. 115(C), pages 246-257.
    10. Frederick Van der Ploeg & Armon Rezai, 2016. "Stranded Assets, the Social Cost of Carbon, and Directed Technical Change: Macroeconomic Dynamics of Optimal Climate Policy," CESifo Working Paper Series 5787, CESifo.
    11. Joyeeta Gupta & Karin Arts, 2018. "Achieving the 1.5 °C objective: just implementation through a right to (sustainable) development approach," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 18(1), pages 11-28, February.
    12. Albassam, Bassam A., 2015. "Economic diversification in Saudi Arabia: Myth or reality?," Resources Policy, Elsevier, vol. 44(C), pages 112-117.
    13. Tiago V. De V. Cavalcanti & Kamiar Mohaddes & Mehdi Raissi, 2015. "Commodity Price Volatility and the Sources of Growth," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 30(6), pages 857-873, September.
    14. Daron Acemoglu & James A. Robinson & Thierry Verdier, 2004. "Alfred Marshall Lecture: Kleptocracy and Divide-and-Rule: A Model of Personal Rule," Journal of the European Economic Association, MIT Press, vol. 2(2-3), pages 162-192, 04/05.
    15. Nahm, Jonas & Steinfeld, Edward S., 2014. "Scale-up Nation: China’s Specialization in Innovative Manufacturing," World Development, Elsevier, vol. 54(C), pages 288-300.
    16. Lectard, Pauline & Rougier, Eric, 2018. "Can Developing Countries Gain from Defying Comparative Advantage? Distance to Comparative Advantage, Export Diversification and Sophistication, and the Dynamics of Specialization," World Development, Elsevier, vol. 102(C), pages 90-110.
    17. Pao-Yu Oei and Roman Mendelevitch, 2016. "European Scenarios of CO2 Infrastructure Investment until 2050," The Energy Journal, International Association for Energy Economics, vol. 0(Sustainab).
    18. Campagnolo, Lorenza & Davide, Marinella, 2019. "Can the Paris deal boost SDGs achievement? An assessment of climate mitigation co-benefits or side-effects on poverty and inequality," World Development, Elsevier, vol. 122(C), pages 96-109.
    19. Jorge Blazquez, Lester C. Hunt, Baltasar Manzano, and Axel Pierru, 2020. "The Value of Saving Oil in Saudi Arabia," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 1), pages 207-222.
    20. Rick Van der Ploeg & Armon Rezai, 2016. "Stranded assets, the social cost of carbon, and directed technical change:," OxCarre Working Papers 176, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    21. Egging, Ruud & Holz, Franziska, 2016. "Risks in global natural gas markets: Investment, hedging and trade," Energy Policy, Elsevier, vol. 94(C), pages 468-479.
    22. Morgan Bazilian & Michael Bradshaw & Andreas Goldthau & Kirsten Westphal, 2019. "Model and manage the changing geopolitics of energy," Nature, Nature, vol. 569(7754), pages 29-31, May.
    23. Simshauser, Paul & Akimov, Alexandr, 2019. "Regulated electricity networks, investment mistakes in retrospect and stranded assets under uncertainty," Energy Economics, Elsevier, vol. 81(C), pages 117-133.
    24. De Cian, Enrica & Dasgupta, Shouro & Hof, Andries F. & van Sluisveld, Mariësse A.E. & Köhler, Jonathan & Pfluger, Benjamin & van Vuuren, Detlef P., 2020. "Actors, decision-making, and institutions in quantitative system modelling," Technological Forecasting and Social Change, Elsevier, vol. 151(C).
    25. Ansari, Dawud, 2017. "OPEC, Saudi Arabia, and the shale revolution: Insights from equilibrium modelling and oil politics," Energy Policy, Elsevier, vol. 111(C), pages 166-178.
    26. Clemens Gerbaulet & Casimir Lorenz, 2017. "dynELMOD: A Dynamic Investment and Dispatch Model for the Future European Electricity Market," Data Documentation 88, DIW Berlin, German Institute for Economic Research.
    27. Nechifor, Victor & Calzadilla, Alvaro & Bleischwitz, Raimund & Winning, Matthew & Tian, Xu & Usubiaga, Arkaitz, 2020. "Steel in a circular economy: Global implications of a green shift in China," World Development, Elsevier, vol. 127(C).
    28. La Rovere, Emilio Lèbre & Pereira, André Santos & Simões, André Felipe, 2011. "Biofuels and Sustainable Energy Development in Brazil," World Development, Elsevier, vol. 39(6), pages 1026-1036, June.
    29. Sen, Suphi & von Schickfus, Marie-Theres, 2020. "Climate policy, stranded assets, and investors’ expectations," Journal of Environmental Economics and Management, Elsevier, vol. 100(C).
    30. Zhu, Lei & Xu, Yuan & Pan, Yingjie, 2019. "Enabled comparative advantage strategy in China's solar PV development," Energy Policy, Elsevier, vol. 133(C).
    31. Frederick van der Ploeg, 2011. "Natural Resources: Curse or Blessing?," Journal of Economic Literature, American Economic Association, vol. 49(2), pages 366-420, June.
    32. Frank Jotzo & Valerie Karplus & Michael Grubb & Andreas Löschel & Karsten Neuhoff & Libo Wu & Fei Teng, 2018. "China’s emissions trading takes steps towards big ambitions," Nature Climate Change, Nature, vol. 8(4), pages 265-267, April.
    33. Ragui Assaad, 2014. "Making sense of Arab labor markets: the enduring legacy of dualism," IZA Journal of Labor & Development, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 3(1), pages 1-25, December.
    34. Dawud Ansari, Franziska Holz, and Hashem Al-Kuhlani, 2020. "Energy Outlooks Compared: Global and Regional Insights," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 1), pages 21-42.
    35. Comello, Stephen D. & Reichelstein, Stefan J. & Sahoo, Anshuman & Schmidt, Tobias S., 2017. "Enabling Mini-Grid Development in Rural India," World Development, Elsevier, vol. 93(C), pages 94-107.
    36. John Byrd & Elizabeth S. Cooperman, 2018. "Investors and stranded asset risk: evidence from shareholder responses to carbon capture and sequestration (CCS) events," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 8(2), pages 185-202, April.
    37. Ansari, Dawud, 2016. "Resource curse contagion in the case of Yemen," Resources Policy, Elsevier, vol. 49(C), pages 444-454.
    38. Jiahai Yuan & Xiaoxuan Guo & Weirong Zhang & Jinghong Zhou & Chengju Qin, 2019. "Stranded Coal Power Assets in China: A Case Study of Jilin Province," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 55(12), pages 2673-2688, September.
    39. Burandt, Thorsten & Xiong, Bobby & Löffler, Konstantin & Oei, Pao-Yu, 2019. "Decarbonizing China’s energy system – Modeling the transformation of the electricity, transportation, heat, and industrial sectors," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 255, pages 1-17.
    40. Sergey Paltsev, 2017. "Energy scenarios: the value and limits of scenario analysis," Wiley Interdisciplinary Reviews: Energy and Environment, Wiley Blackwell, vol. 6(4), July.
    41. Franziska Holz & Clemens Haftendorn & Roman Mendelevitch & Christian von Hirschhausen, 2016. "A Model of the International Steam Coal Market (COALMOD-World)," Data Documentation 85, DIW Berlin, German Institute for Economic Research.
    42. J.-F. Mercure & H. Pollitt & J. E. Viñuales & N. R. Edwards & P. B. Holden & U. Chewpreecha & P. Salas & I. Sognnaes & A. Lam & F. Knobloch, 2018. "Macroeconomic impact of stranded fossil fuel assets," Nature Climate Change, Nature, vol. 8(7), pages 588-593, July.
    43. Pfeiffer, Alexander & Hepburn, Cameron & Vogt-Schilb, Adrien & Caldecott, Ben, 2018. "Committed Emissions from Existing and Planned Power Plants and Asset Stranding Required to Meet the Paris Agreement," IDB Publications (Working Papers) 8886, Inter-American Development Bank.
    44. Trieb, Franz & Schillings, Christoph & Pregger, Thomas & O'Sullivan, Marlene, 2012. "Solar electricity imports from the Middle East and North Africa to Europe," Energy Policy, Elsevier, vol. 42(C), pages 341-353.
    45. Hochman, Gal & Zilberman, David, 2015. "The political economy of OPEC," Energy Economics, Elsevier, vol. 48(C), pages 203-216.
    46. Antoine GODIN & Emanuele CAMPIGLIO & Eric KEMP-BENEDICT, 2017. "Networks of stranded assets: A case for a balance sheet approach," Working Paper d51a41b5-00ba-40b4-abe6-5, Agence française de développement.
    47. Huppmann, Daniel & Egging, Ruud, 2014. "Market power, fuel substitution and infrastructure – A large-scale equilibrium model of global energy markets," Energy, Elsevier, vol. 75(C), pages 483-500.
    48. Friedrichs, Jörg & Inderwildi, Oliver R., 2013. "The carbon curse: Are fuel rich countries doomed to high CO2 intensities?," Energy Policy, Elsevier, vol. 62(C), pages 1356-1365.
    49. Christophe McGlade & Paul Ekins, 2015. "The geographical distribution of fossil fuels unused when limiting global warming to 2 °C," Nature, Nature, vol. 517(7533), pages 187-190, January.
    50. Dietz, Simon & Bowen, Alex & Dixon, Charlie & Gradwell, Philip, 2016. "Climate value at risk of global financial assets," LSE Research Online Documents on Economics 66226, London School of Economics and Political Science, LSE Library.
    51. Paul Collier & Anke Hoeffler, 2005. "Resource Rents, Governance, and Conflict," Journal of Conflict Resolution, Peace Science Society (International), vol. 49(4), pages 625-633, August.
    52. Emilio Lebre La Rovere & Andre Santos Pereira & Andre Felipe Simoes, 2011. "Biofuels and Sustainable Energy Development in Brazil," Post-Print hal-00715546, HAL.
    53. Liao, Chuan & Fei, Ding, 2019. "Poverty reduction through photovoltaic-based development intervention in China: Potentials and constraints," World Development, Elsevier, vol. 122(C), pages 1-10.
    54. Sovacool, Benjamin K. & Scarpaci, Joseph, 2016. "Energy justice and the contested petroleum politics of stranded assets: Policy insights from the Yasuní-ITT Initiative in Ecuador," Energy Policy, Elsevier, vol. 95(C), pages 158-171.
    55. Jemma Green & Peter Newman, 2017. "Disruptive innovation, stranded assets and forecasting: the rise and rise of renewable energy," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 7(2), pages 169-187, April.
    56. Löffler, Konstantin & Burandt, Thorsten & Hainsch, Karlo & Oei, Pao-Yu, 2019. "Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 26, pages 1-15.
    57. Corden, W Max & Neary, J Peter, 1982. "Booming Sector and De-Industrialisation in a Small Open Economy," Economic Journal, Royal Economic Society, vol. 92(368), pages 825-848, December.
    58. Nusair, Salah A., 2016. "The effects of oil price shocks on the economies of the Gulf Co-operation Council countries: Nonlinear analysis," Energy Policy, Elsevier, vol. 91(C), pages 256-267.
    59. Nouf Alsharif & Sambit Bhattacharyya & Maurizio Intartaglia, 2016. "Economic Diversification in Resource Rich Countries: Uncovering the State of Knowledge," Working Paper Series 09816, Department of Economics, University of Sussex Business School.
    60. Nicholas Silver, 2017. "Blindness to risk: why institutional investors ignore the risk of stranded assets," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 7(1), pages 99-113, January.
    61. Algieri, Bernardina & Aquino, Antonio & Succurro, Marianna, 2011. "Going “green”: trade specialisation dynamics in the solar photovoltaic sector," Energy Policy, Elsevier, vol. 39(11), pages 7275-7283.
    62. Clarke, Leon & McFarland, James & Octaviano, Claudia & van Ruijven, Bas & Beach, Robert & Daenzer, Kathryn & Herreras Martínez, Sara & Lucena, André F.P. & Kitous, Alban & Labriet, Maryse & Loboguerre, 2016. "Long-term abatement potential and current policy trajectories in Latin American countries," Energy Economics, Elsevier, vol. 56(C), pages 513-525.
    63. Rick Van der Ploeg & Armon Rezai, 2017. "The Simple Arithmetic of Carbon Pricing and Stranded Assets," OxCarre Working Papers 197, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    64. Burandt, Thorsten & Xiong, Bobby & Löffler, Konstantin & Oei, Pao-Yu, 2019. "Decarbonizing China’s energy system – Modeling the transformation of the electricity, transportation, heat, and industrial sectors," Applied Energy, Elsevier, vol. 255(C).
    65. Dawud Ansari & Franziska Holz & Hashem al-Kuhlani, 2019. "Energy, Climate, and Policy towards 2055: An Interdisciplinary Energy Outlook (DIW-REM Outlook)," DIW Berlin: Politikberatung kompakt, DIW Berlin, German Institute for Economic Research, volume 127, number pbk139, Enero-Abr.
    66. Oskar LECUYER & Esperanza GONZALEZ-MAHECHA & Michelle HALLACK & Morgan BAZILIAN & Adrien VOGT-SCHILB, 2019. "Committed emissions and the risk of stranded assets from power plants in Latin America and the Caribbean," Working Paper 7d9ac525-0354-46ef-aa0b-f, Agence française de développement.
    67. Kalkuhl, Matthias & Steckel, Jan Christoph & Edenhofer, Ottmar, 2020. "All or nothing: Climate policy when assets can become stranded," Journal of Environmental Economics and Management, Elsevier, vol. 100(C).
    68. Ansari, Dawud & Holz, Franziska, 2019. "Anticipating global energy, climate and policy in 2055: Constructing qualitative and quantitative narratives," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 58, pages 1-23.
    69. Kefford, Benjamin M. & Ballinger, Benjamin & Schmeda-Lopez, Diego R. & Greig, Chris & Smart, Simon, 2018. "The early retirement challenge for fossil fuel power plants in deep decarbonisation scenarios," Energy Policy, Elsevier, vol. 119(C), pages 294-306.
    70. Hepbasli, Arif & Alsuhaibani, Zeyad, 2011. "A key review on present status and future directions of solar energy studies and applications in Saudi Arabia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 5021-5050.
    71. Kyra Bos & Joyeeta Gupta, 2018. "Climate change: the risks of stranded fossil fuel assets and resources to the developing world," Third World Quarterly, Taylor & Francis Journals, vol. 39(3), pages 436-453, March.
    72. Christopher Weber & David L. McCollum & Jae Edmonds & Pedro Faria & Alban Pyanet & Joeri Rogelj & Massimo Tavoni & Jakob Thoma & Elmar Kriegler, 2018. "Mitigation scenarios must cater to new users," Nature Climate Change, Nature, vol. 8(10), pages 845-848, October.
    73. Okereke, Chukwumerije & Coke, Alexia & Geebreyesus, Mulu & Ginbo, Tsegaye & Wakeford, Jeremy J. & Mulugetta, Yacob, 2019. "Governing green industrialisation in Africa: Assessing key parameters for a sustainable socio-technical transition in the context of Ethiopia," World Development, Elsevier, vol. 115(C), pages 279-290.
    74. Simshauser, Paul, 2017. "Monopoly regulation, discontinuity & stranded assets," Energy Economics, Elsevier, vol. 66(C), pages 384-398.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kemfert, Claudia & Präger, Fabian & Braunger, Isabell & Hoffart, Franziska M. & Brauers, Hanna, 2022. "The expansion of natural gas infrastructure puts energy transitions at risk," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 7, pages 582-587.
    2. Guo, Hongye & Davidson, Michael R. & Chen, Qixin & Zhang, Da & Jiang, Nan & Xia, Qing & Kang, Chongqing & Zhang, Xiliang, 2020. "Power market reform in China: Motivations, progress, and recommendations," Energy Policy, Elsevier, vol. 145(C).
    3. Paola D'Orazio, 2022. "Mapping the emergence and diffusion of climate-related financial policies: Evidence from a cluster analysis on G20 countries," International Economics, CEPII research center, issue 169, pages 135-147.
    4. Philippe Le Billon & Païvi Lujala & Devyani Singh & Vance Culbert & Berit Kristoffersen, 2021. "Fossil fuels, climate change, and the COVID-19 crisis: pathways for a just and green post-pandemic recovery," Climate Policy, Taylor & Francis Journals, vol. 21(10), pages 1347-1356, November.
    5. Atif Jahanger & Bo Yang & Wei-Chiao Huang & Muntasir Murshed & Muhammad Usman & Magdalena Radulescu, 2023. "Dynamic linkages between globalization, human capital, and carbon dioxide emissions: empirical evidence from developing economies," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(9), pages 9307-9335, September.
    6. Arriet, Andrea & Matis, Timothy I. & Feijoo, Felipe, 2023. "Water taxation strategies for the natural gas sector in North America: Facing a rising water crisis," Energy, Elsevier, vol. 279(C).
    7. Dawud Ansari & Mariza Montes de Oca Leon & Helen Schlüter, 2021. "What Drives Saudi Airstrikes in Yemen? An Empirical Analysis of the Dynamics of Coalition Airstrikes, Houthi Attacks, and the Oil Market," Discussion Papers of DIW Berlin 1959, DIW Berlin, German Institute for Economic Research.
    8. Jorrit Gosens & Alex Turnbull & Frank Jotzo, 2021. "An installation-level model of China's coal sector shows how its decarbonization and energy security plans will reduce overseas coal imports," Papers 2112.06357, arXiv.org, revised Dec 2021.
    9. Altenburg, Tilman & Brandi, Clara & Pegels, Anna & Stamm, Andreas & Vrolijk, Kasper & Zintl, Tina, 2021. "Does COVID-19 change the long-term prospects of latecomer industrialisation?," IDOS Discussion Papers 32/2021, German Institute of Development and Sustainability (IDOS).
    10. Yan, Chen & Murshed, Muntasir & Ozturk, Ilhan & Siddik, Abu Bakkar & Ghardallou, Wafa & Khudoykulov, Khurshid, 2023. "Decarbonization blueprints for developing countries: The role of energy productivity, renewable energy, and financial development in environmental improvement," Resources Policy, Elsevier, vol. 83(C).
    11. Łukasz Jarosław Kozar & Adam Sulich, 2023. "Green Jobs in the Energy Sector," Energies, MDPI, vol. 16(7), pages 1-20, March.
    12. Iordan Marioara & Chilian Mihaela-Nona & Ciurariu Gabriela, 2023. "Green Transition and the Business Sector in the European Union and Romania," HOLISTICA – Journal of Business and Public Administration, Sciendo, vol. 14(2), pages 43-62, December.
    13. Dawud Ansari & Regine Schönenberg & Melissa Abud & Laura Becerra & Anne Cristina de la Vega-Leinert & Nigel Dudley & Michael Dunlop & Carolina Figueroa & Oscar Guevara & Philipp Hauser & Hannes Hobbie, 2021. "Communications on Climate Change and Biodiversity Loss with Local Populations: Exploring Best-practices and Postcolonial Moments in Eight Case Studies from across the Globe," Discussion Papers of DIW Berlin 1945, DIW Berlin, German Institute for Economic Research.
    14. Dong, Xiyong & Yoon, Seong-Min, 2023. "Effect of weather and environmental attentions on financial system risks: Evidence from Chinese high- and low-carbon assets," Energy Economics, Elsevier, vol. 121(C).
    15. Mohammed Basheer & Victor Nechifor & Alvaro Calzadilla & Claudia Ringler & David Hulme & Julien J. Harou, 2022. "Balancing national economic policy outcomes for sustainable development," Nature Communications, Nature, vol. 13(1), pages 1-13, December.
    16. Vicknair, David & Tansey, Michael & O'Brien, Thomas E., 2022. "Measuring fossil fuel reserves: A simulation and review of the U.S. Securities and Exchange Commission approach," Resources Policy, Elsevier, vol. 79(C).
    17. Wang, Xiaolin & Qiu, Yangyang & Chen, Jun & Hu, Xiangping, 2022. "Evaluating natural gas supply security in China: An exhaustible resource market equilibrium model," Resources Policy, Elsevier, vol. 76(C).
    18. Lin, Boqiang & Zhao, Hengsong, 2023. "Tracking policy uncertainty under climate change," Resources Policy, Elsevier, vol. 83(C).
    19. Peszko,Grzegorz & Van Der Mensbrugghe,Dominique & Golub,Alexander Alexandrovich, 2020. "Diversification and Cooperation Strategies in a Decarbonizing World," Policy Research Working Paper Series 9315, The World Bank.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ansari, Dawud & Holz, Franziska & Al-Kuhlani, Hashem, 2020. "Energy Outlooks Compared: Global and Regional Insights," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 9(1), pages 21-42.
    2. Ansari, Dawud, 2017. "OPEC, Saudi Arabia, and the shale revolution: Insights from equilibrium modelling and oil politics," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 111, pages 166-178.
    3. Gregor Semieniuk & Emanuele Campiglio & Jean‐Francois Mercure & Ulrich Volz & Neil R. Edwards, 2021. "Low‐carbon transition risks for finance," Wiley Interdisciplinary Reviews: Climate Change, John Wiley & Sons, vol. 12(1), January.
    4. Louis Daumas, 2021. "Should we fear transition risks - A review of the applied literature," Working Papers 2021.05, FAERE - French Association of Environmental and Resource Economists.
    5. Löffler, Konstantin & Burandt, Thorsten & Hainsch, Karlo & Oei, Pao-Yu, 2019. "Modeling the low-carbon transition of the European energy system - A quantitative assessment of the stranded assets problem," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 26, pages 1-15.
    6. Dawud Ansari & Mariza Montes de Oca Leon & Helen Schlüter, 2021. "What Drives Saudi Airstrikes in Yemen? An Empirical Analysis of the Dynamics of Coalition Airstrikes, Houthi Attacks, and the Oil Market," Discussion Papers of DIW Berlin 1959, DIW Berlin, German Institute for Economic Research.
    7. Simshauser, Paul & Akimov, Alexandr, 2019. "Regulated electricity networks, investment mistakes in retrospect and stranded assets under uncertainty," Energy Economics, Elsevier, vol. 81(C), pages 117-133.
    8. Ansari, Dawud & Holz, Franziska, 2019. "Anticipating global energy, climate and policy in 2055: Constructing qualitative and quantitative narratives," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 58, pages 1-23.
    9. Breitenstein, Miriam & Anke, Carl-Philipp & Nguyen, Duc Khuong & Walther, Thomas, 2019. "Stranded Asset Risk and Political Uncertainty: The Impact of the Coal Phase-out on the German Coal Industry," MPRA Paper 101763, University Library of Munich, Germany.
    10. Ansari, Dawud, 2016. "Resource curse contagion in the case of Yemen," Resources Policy, Elsevier, vol. 49(C), pages 444-454.
    11. Devine, Mel T. & Siddiqui, Sauleh, 2023. "Strategic investment decisions in an oligopoly with a competitive fringe: An equilibrium problem with equilibrium constraints approach," European Journal of Operational Research, Elsevier, vol. 306(3), pages 1473-1494.
    12. Kemfert, Claudia & Präger, Fabian & Braunger, Isabell & Hoffart, Franziska M. & Brauers, Hanna, 2022. "The expansion of natural gas infrastructure puts energy transitions at risk," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 7, pages 582-587.
    13. Durand-Lasserve, Olivier & Pierru, Axel, 2021. "Modeling world oil market questions: An economic perspective," Energy Policy, Elsevier, vol. 159(C).
    14. Angelika von Dulong, 2023. "Concentration of asset owners exposed to power sector stranded assets may trigger climate policy resistance," Nature Communications, Nature, vol. 14(1), pages 1-9, December.
    15. Pegels, Anna & Altenburg, Tilman, 2020. "Latecomer development in a “greening” world: Introduction to the Special Issue," World Development, Elsevier, vol. 135(C).
    16. Cahen-Fourot, Louison & Campiglio, Emanuele & Godin, Antoine & Kemp-Benedict, Eric & Trsek, Stefan, 2021. "Capital stranding cascades: The impact of decarbonisation on productive asset utilisation," Energy Economics, Elsevier, vol. 103(C).
    17. Griffiths, Steven, 2017. "A review and assessment of energy policy in the Middle East and North Africa region," Energy Policy, Elsevier, vol. 102(C), pages 249-269.
    18. Sun, Xiaohua & Ren, Junlin & Wang, Yun, 2022. "The impact of resource taxation on resource curse: Evidence from Chinese resource tax policy," Resources Policy, Elsevier, vol. 78(C).
    19. Shimbar, A., 2021. "Environment-related stranded assets: An agenda for research into value destruction within carbon-intensive sectors in response to environmental concerns," Renewable and Sustainable Energy Reviews, Elsevier, vol. 144(C).
    20. Panos Hatzipanayotou & Panagiotis Konstantinou & Ioanna Pantelaiou & Anastasios Xepapadeas, 2018. "ERSs and Trade in Natural Resources: The Impact on Economic Growth and Poverty in LDCs," DEOS Working Papers 1809, Athens University of Economics and Business.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:wdevel:v:130:y:2020:i:c:s0305750x20300735. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/worlddev .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.