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.