Franziska Holz, Professor at the German Institute for Economic Studies (DIW Berlin)
Fossil resource markets and climate change
This talk will present recent research results from the ongoing economic research project Fossil resource markets and climate change
. Achieving the Paris agreement requires a radical transformation of the energy system and, most notably, a strong reduction of the use of fossil fuels. Hence, assets in the form of fossil energy resources and infrastructure are at the risk of losing value and becoming „stranded assets”. Asset owners have incentives to delay or even prevent the implementation of climate policies. We investigate how long-lived investments and the risk of asset stranding hinder the effectiveness of climate policy. This talk highlights research results on potential global fossil energy scenarios to 2050 as well as regional asset stranding risks in coal and natural gas markets.
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The Friday Lunch Meeting will be in english and will take place via the tool Zoom.
The link will be communicated once your complete registration
12:30 pm – 14:00 pm