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Potential pension fund losses should not deter high-income countries from bold climate action

Economics

Potential pension fund losses should not deter high-income countries from bold climate action

G. Semieniuk, L. Chancel, et al.

This research delves into the unequal distribution of stranded fossil fuel asset losses in high-income countries, emphasizing that the impact on wealthiest individuals is limited while the lower 50% could face significant challenges. Conducted by Gregor Semieniuk, Lucas Chancel, Eulalie Saïsset, Philip B. Holden, Jean-Francois Mercure, and Neil R. Edwards, this study underscores the affordability of compensating the vulnerable compared to the costs of inaction.... show more
Abstract
Publisher
Nature Climate Change
Published On
Jul 26, 2024
Authors
Gregor Semieniuk, Lucas Chancel, Eulalie Saïsset, Philip B. Holden, Jean-Francois Mercure, Neil R. Edwards
DOI
https://doi.org/10.1016/j.joule.2023.05.023
Tags
stranded assets
fossil fuels
climate action
wealth distribution
pension funds
economic impact
vulnerability

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