The DOI matches its Crossref record; 141 of the 141 references it cites were found in a registry or an index.
Low‐carbon transition risks for finance
Open accessAbstract
The transition to a low‐carbon economy will entail a large‐scale structural change. Some industries will have to expand their relative economic weight, while other industries, especially those directly linked to fossil fuel production and consumption, will have to decline. Such a systemic shift may have major repercussions on the stability of financial systems, via abrupt asset revaluations, defaults on debt, and the creation of bubbles in rising industries. Studies on previous industrial transitions have shed light on the financial transition risks originating from rapidly rising “sunrise” industries. In contrast, a similar conceptual understanding of risks from declining “sunset” industries is currently lacking. We substantiate this claim with a critical review of the conceptual and historical literature, which also shows that most literature either examines structural change in the real economy, or risks to financial stability, but rarely both together. We contribute to filling this research gap by developing a consistent theoretical framework of the drivers, transmission channels, and impacts of the phase‐out of carbon‐intensive industries on the financial system and on the feedback from the financial system into the rest of the economy. We also review the state of play of policy aiming to protect the financial system from transition risks and spell out research implications. This article is categorized under: Climate Economics > Economics and Climate Change
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Valente, T. W. (2003) · Genetics in Medicine · doi:10.1097/01.gim.0000061743.67794.c4 · Cited by 13,723
Bank Runs, Deposit Insurance, and Liquidity
Diamond, D. W., & Dybvig, P. H. (1983) · Journal of Political Economy · doi:10.1086/261155 · Cited by 9,369
Dixit, R. K., & Pindyck, R. S. (1994) · doi:10.1515/9781400830176 · Cited by 9,029
Competing Technologies, Increasing Returns, and Lock-In by Historical Events
Arthur, W. B. (1989) · The Economic Journal · doi:10.2307/2234208 · Cited by 7,489
Geels, F. W. (2002) · Research Policy · doi:10.1016/s0048-7333(02)00062-8 · Cited by 7,275
Technological paradigms and technological trajectories
Dosi, G. (1982) · Research Policy · doi:10.1016/0048-7333(82)90016-6 · Cited by 6,685
Technical Change and Economic Theory.
Swann, P., & Dosi, G. (1989) · The Economic Journal · doi:10.2307/2234048 · Cited by 4,041
Tipping elements in the Earth’s climate system
Lenton, T. M., Held, H., Kriegler, E., Hall, J. W., Lucht, W., Rahmstorf, S., & Schellnhuber, H. J. (2008) · Proceedings of the National Academy of Sciences · doi:10.1073/pnas.0705414105 · Cited by 3,982
Unruh, G. C. (2000) · Energy Policy · doi:10.1016/s0301-4215(00)00070-7 · Cited by 3,304
Allen, F., & Gale, D. (2000) · Journal of Political Economy · doi:10.1086/262109 · Cited by 3,186
Greenhouse-gas emission targets for limiting global warming to 2 °C
Meinshausen, M., Meinshausen, N., Hare, W., Raper, S. C. B., Frieler, K., Knutti, R., Frame, D. J., & Allen, M. R. (2009) · Nature · doi:10.1038/nature08017 · Cited by 2,775
Inside the Black Box: Technology and Economics
Morgan, M. G., & Rosenberg, N. (1983) · Journal of Policy Analysis and Management · doi:10.2307/3324062 · Cited by 2,326
Climate tipping points — too risky to bet against
Lenton, T. M., Rockström, J., Gaffney, O., Rahmstorf, S., Richardson, K., Steffen, W., & Schellnhuber, H. J. (2019) · Nature · doi:10.1038/d41586-019-03595-0 · Cited by 2,142
The geographical distribution of fossil fuels unused when limiting global warming to 2 °C
McGlade, C., & Ekins, P. (2015) · Nature · doi:10.1038/nature14016 · Cited by 1,793
On Modeling and Interpreting the Economics of Catastrophic Climate Change
Weitzman, M. L. (2009) · Review of Economics and Statistics · doi:10.1162/rest.91.1.1 · Cited by 1,791
Kindleberger, C. P. (1978) · Palgrave Macmillan UK eBooks · doi:10.1007/978-1-349-04338-5 · Cited by 1,748
The Financing of R&D and Innovation
Hall, B. H., & Lerner, J. (2010) · Handbook of the Economics of Innovation · doi:10.1016/s0169-7218(10)01014-2 · Cited by 1,711
Endogenous Preferences: The Cultural Consequences of Markets and Other Economic Institutions
Bowles, S. (2016) · RePEc: Research Papers in Economics · Cited by 1,547
Minsky, H. P. (1975) · Palgrave Macmillan UK eBooks · doi:10.1007/978-1-349-02679-1 · Cited by 1,539
Cooper, R. N., & Shiller, R. J. (2000) · Foreign Affairs · doi:10.2307/20049834 · Cited by 1,515
Engle, R. F., Giglio, S., Kelly, B., Lee, H., & Stroebel, J. (2020) · The Review of Financial Studies · doi:10.1093/rfs/hhz072 · Cited by 1,489
Future CO 2 Emissions and Climate Change from Existing Energy Infrastructure
Davis, S. J., Caldeira, K., & Matthews, H. D. (2010) · Science · doi:10.1126/science.1188566 · Cited by 1,399 · cited 1×
“…companies, and the valuation consistent with climate change mitigation is discussed by Bebbington, Schneider, Stevenson, and Fox (2019).9 Davis, Caldeira, and Matthews (2010) calculate that existing fossil-fuel sector assets in 2009 would emit about 500 Gt of CO2, or about half the…”
Scenarios towards limiting global mean temperature increase below 1.5 °C
Rogelj, J., Popp, A., Calvin, K. V., Luderer, G., Emmerling, J., Gernaat, D., Fujimori, S., Strefler, J., Hasegawa, T., Marangoni, G., et al. (2018) · Nature Climate Change · doi:10.1038/s41558-018-0091-3 · Cited by 1,341 · cited 1×
“This is a nonlinear process often approximated by s-curves of adoption (Rogers, 2003).”
A climate stress-test of the financial system
Battiston, S., Mandel, A., Monasterolo, I., Schütze, F., & Visentin, G. (2017) · Nature Climate Change · doi:10.1038/nclimate3255 · Cited by 1,157
Public policies against global warming: a supply side approach
Sinn, H.-W. (2008) · International Tax and Public Finance · doi:10.1007/s10797-008-9082-z · Cited by 1,014
Zhang, G., & Tandon, A. (2012) · Scientific Reports · doi:10.1038/srep00415 · Cited by 1,012
The underestimated potential of solar energy to mitigate climate change
Creutzig, F., Agoston, P., Goldschmidt, J. C., Luderer, G., Nemet, G., & Pietzcker, R. C. (2017) · Nature Energy · doi:10.1038/nenergy.2017.140 · Cited by 920
DebtRank: Too Central to Fail? Financial Networks, the FED and Systemic Risk
Battiston, S., Puliga, M., Kaushik, R., Tasca, P., & Caldarelli, G. (2012) · Scientific Reports · doi:10.1038/srep00541 · Cited by 919
Structural change and assimilation of new technologies in the economic and social systems
Perez, C. (1983) · Futures · doi:10.1016/0016-3287(83)90050-2 · Cited by 910
Climate change challenges for central banks and financial regulators
Campiglio, E., Dafermos, Y., Monnin, P., Ryan-Collins, J., Schotten, G., & Tanaka, M. (2018) · Nature Climate Change · doi:10.1038/s41558-018-0175-0 · Cited by 825
Self-citationCommitted emissions from existing energy infrastructure jeopardize 1.5 °C climate target
Tong, D., Zhang, Q., Zheng, Y., Caldeira, K., Shearer, C., Hong, C., Qin, Y., & Davis, S. J. (2019) · Nature · doi:10.1038/s41586-019-1364-3 · Cited by 816
Campiglio, E. (2016) · Ecological Economics · doi:10.1016/j.ecolecon.2015.03.020 · Cited by 807
Self-citation‘Climate value at risk’ of global financial assets
Dietz, S., Bowen, A., Dixon, C., & Gradwell, P. (2016) · Nature Climate Change · doi:10.1038/nclimate2972 · Cited by 694
Financing renewable energy: Who is financing what and why it matters
Mazzucato, M., & Semieniuk, G. (2018) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2017.05.021 · Cited by 687
Self-citationMcCollum, D. L., Zhou, W., Bertram, C., de Boer, H.-S., Bosetti, V., Busch, S., Després, J., Drouet, L., Emmerling, J., Fay, M., et al. (2018) · Nature Energy · doi:10.1038/s41560-018-0179-z · Cited by 618
Central bank mandates, sustainability objectives and the promotion of green finance
Dikau, S., & Volz, U. (2021) · Ecological Economics · doi:10.1016/j.ecolecon.2021.107022 · Cited by 604
Self-citationCherp, A., Vinichenko, V., Jewell, J., Brutschin, E., & Sovacool, B. (2018) · Energy Research & Social Science · doi:10.1016/j.erss.2017.09.015 · Cited by 601
An assessment of CCS costs, barriers and potential
Budinis, S., Krevor, S., Dowell, N. M., Brandon, N., & Hawkes, A. (2018) · Energy Strategy Reviews · doi:10.1016/j.esr.2018.08.003 · Cited by 583
Hong, H., Karolyi, G. A., & Scheinkman, J. A. (2020) · The Review of Financial Studies · doi:10.1093/rfs/hhz146 · Cited by 545
Brenner, R. P. (2006) · Cited by 529
Transforming power: Social science and the politics of energy choices
Stirling, A. (2014) · Energy Research & Social Science · doi:10.1016/j.erss.2014.02.001 · Cited by 516
Public perceptions of and responses to new energy technologies
Boudet, H. S. (2019) · Nature Energy · doi:10.1038/s41560-019-0399-x · Cited by 515
On the Timing and Efficiency of Creative Destruction
Caballero, R. J., & Hammour, M. L. (1996) · The Quarterly Journal of Economics · doi:10.2307/2946673 · Cited by 469
Evaluating the causes of cost reduction in photovoltaic modules
Kavlak, G., McNerney, J., & Trancik, J. E. (2018) · Energy Policy · doi:10.1016/j.enpol.2018.08.015 · Cited by 451
Andersson, M., Bolton, P., & Samama, F. (2016) · Financial Analysts Journal · doi:10.2469/faj.v72.n3.4 · Cited by 434
Do Energy Efficiency Investments Deliver? Evidence from the Weatherization Assistance Program*
Fowlie, M., Greenstone, M., & Wolfram, C. (2018) · The Quarterly Journal of Economics · doi:10.1093/qje/qjy005 · Cited by 432
Macroeconomic impact of stranded fossil fuel assets
Mercure, J.-F., Pollitt, H., Viñuales, J. E., Edwards, N. R., Holden, P. B., Chewpreecha, U., Salas, P., Sognnaes, I., Lam, A., & Knobloch, F. (2018) · Nature Climate Change · doi:10.1038/s41558-018-0182-1 · Cited by 430
Self-citationEstimating and tracking the remaining carbon budget for stringent climate targets
Rogelj, J., Forster, P. M., Kriegler, E., Smith, C. J., & Séférian, R. (2019) · Nature · doi:10.1038/s41586-019-1368-z · Cited by 418
The impact of climate vulnerability on firms’ cost of capital and access to finance
Kling, G., Volz, U., Murinde, V., & Ayas, S. (2021) · World Development · doi:10.1016/j.worlddev.2020.105131 · Cited by 411
Self-citationPolzin, F., Egli, F., Steffen, B., & Schmidt, T. S. (2019) · Applied Energy · doi:10.1016/j.apenergy.2018.11.098 · Cited by 406
Business Cycles: A Theoretical, Historical, and Statistical Analysis of the Capitalist Process.
Morgenstern, O., & Schumpeter, J. A. (1940) · Journal of the American Statistical Association · doi:10.2307/2278731 · Cited by 392
Paths of innovation: technological change in 20th-century America
(1999) · Choice Reviews Online · doi:10.5860/choice.36-4453 · Cited by 388
D’Orazio, P., & Popoyan, L. (2019) · Ecological Economics · doi:10.1016/j.ecolecon.2019.01.029 · Cited by 366
Where Modern Macroeconomics Went Wrong
Stiglitz, J. E. (2017) · Oxford Review of Economic Policy · doi:10.1093/oxrep/grx057 · Cited by 351
Paths of Innovation: Technological Change in 20th-Century America
Mowery, D. C., & Rosenberg, N. (1998) · doi:10.1017/cbo9780511611957 · Cited by 348
Beyond market failures: the market creating and shaping roles of state investment banks
Mazzucato, M., & Penna, C. C. R. (2016) · Journal of Economic Policy Reform · doi:10.1080/17487870.2016.1216416 · Cited by 339
Global landscape of climate finance
McKellar, J. (2023) · Infrastructure as Business · doi:10.1201/9781003396949-21 · Cited by 336
Let's Talk About the Weather: The Impact of Climate Change on Central Banks
Batten, S., Sowerbutts, R., & Tanaka, M. (2016) · SSRN Electronic Journal · doi:10.2139/ssrn.2783753 · Cited by 321
Geddes, A., Schmidt, T. S., & Steffen, B. (2018) · Energy Policy · doi:10.1016/j.enpol.2018.01.009 · Cited by 317
Geels, F. W. (2013) · Environmental Innovation and Societal Transitions · doi:10.1016/j.eist.2012.11.004 · Cited by 309
Climate Change and the Financial System
Monasterolo, I. (2020) · Annual Review of Resource Economics · doi:10.1146/annurev-resource-110119-031134 · Cited by 309
Public financing of innovation: new questions
Mazzucato, M., & Semieniuk, G. (2017) · Oxford Review of Economic Policy · doi:10.1093/oxrep/grw036 · Cited by 308
Self-citationCarbon Pricing: Effectiveness and Equity
Boyce, J. K. (2018) · Ecological Economics · doi:10.1016/j.ecolecon.2018.03.030 · Cited by 298
A Third Wave in the Economics of Climate Change
Farmer, J. D., Hepburn, C., Mealy, P., & Teytelboym, A. (2015) · Environmental and Resource Economics · doi:10.1007/s10640-015-9965-2 · Cited by 283
Demand, challenges, and innovation. Making sense of new trends in innovation policy
Boon, W., & Edler, J. (2018) · Science and Public Policy · doi:10.1093/scipol/scy014 · Cited by 280
The politics of technology bans: Industrial policy competition and green goals for the auto industry
Meckling, J., & Nahm, J. (2019) · Energy Policy · doi:10.1016/j.enpol.2018.11.031 · Cited by 259
Technology as a driver of climate and energy politics
Schmidt, T. S., & Sewerin, S. (2017) · Nature Energy · doi:10.1038/nenergy.2017.84 · Cited by 258
Stranded Assets in the Transition to a Carbon-Free Economy
van der Ploeg, F., & Rezai, A. (2020) · Annual Review of Resource Economics · doi:10.1146/annurev-resource-110519-040938 · Cited by 258
Path dependence in energy systems and economic development
Fouquet, R. (2016) · Nature Energy · doi:10.1038/nenergy.2016.98 · Cited by 248
How Solar Energy Became Cheap: A Model for Low-Carbon Innovation
Nemet, G. F. (2019) · Routledge eBooks · doi:10.4324/9780367136604 · Cited by 240
The price of complexity in financial networks
Battiston, S., Caldarelli, G., May, R. M., Roukny, T., & Stiglitz, J. E. (2016) · Proceedings of the National Academy of Sciences · doi:10.1073/pnas.1521573113 · Cited by 224
State and Trends of Carbon Pricing 2019
World Bank Group (2019) · World Bank, Washington, DC eBooks · doi:10.1596/978-1-4648-1435-8 · Cited by 219
Helm, D. (2003) · Oxford Review of Economic Policy · doi:10.1093/oxrep/19.3.438 · Cited by 217
Christophers, B. (2017) · Annals of the American Association of Geographers · doi:10.1080/24694452.2017.1293502 · Cited by 209
The Impact of a Carbon Tax on Inequality
Fremstad, A., & Paul, M. (2019) · Ecological Economics · doi:10.1016/j.ecolecon.2019.04.016 · Cited by 209
Climate finance and disclosure for institutional investors: why transparency is not enough
Ameli, N., Drummond, P., Bisaro, A., Grubb, M., & Chenet, H. (2020) · Climatic Change · doi:10.1007/s10584-019-02542-2 · Cited by 199
The public costs of climate-induced financial instability
Lamperti, F., Bosetti, V., Roventini, A., & Tavoni, M. (2019) · Nature Climate Change · doi:10.1038/s41558-019-0607-5 · Cited by 191
Feeling the heat: Climate risks and the cost of sovereign borrowing
Beirne, J., Renzhi, N., & Volz, U. (2021) · International Review of Economics & Finance · doi:10.1016/j.iref.2021.06.019 · Cited by 191
Self-citationJohnson, N., Krey, V., McCollum, D. L., Rao, S., Riahi, K., & Rogelj, J. (2015) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2014.02.028 · Cited by 189
Commitment accounting of CO 2 emissions
Davis, S. J., & Socolow, R. H. (2014) · Environmental Research Letters · doi:10.1088/1748-9326/9/8/084018 · Cited by 186
Mason, M. T. (2018) · Annual Review of Control, Robotics, and Autonomous Systems · doi:10.1146/annurev-control-060117-104848 · Cited by 182
Schleich, J. E. (2018) · Energy Policy · doi:10.1016/j.enpol.2018.10.061 · Cited by 173
The Future of National Development Banks
Griffith-Jones, S., Ocampo, J. A., Rezende, F., Schclarek, A., & Brei, M. (2018) · Oxford Scholarship Online · doi:10.1093/oso/9780198827948.003.0001 · Cited by 168
Pfeiffer, A., Hepburn, C., Vogt-Schilb, A., & Caldecott, B. (2018) · Environmental Research Letters · doi:10.1088/1748-9326/aabc5f · Cited by 167
Jewell, J., & Cherp, A. (2020) · WIREs Climate Change · doi:10.1002/wcc.621 · Cited by 167
Greening of the financial system and fuelling a sustainability transition
Falcone, P. M., Morone, P., & Sica, E. (2018) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2017.05.020 · Cited by 166
Adverse effects of rising interest rates on sustainable energy transitions
Schmidt, T. S., Steffen, B., Egli, F., Pahle, M., Tietjen, O., & Edenhofer, O. (2019) · Nature Sustainability · doi:10.1038/s41893-019-0375-2 · Cited by 166
Pauw, W. P., Castro, P., Pickering, J., & Bhasin, S. (2020) · Climate Policy · doi:10.1080/14693062.2019.1635874 · Cited by 162
Coal phase-out in Germany – Implications and policies for affected regions
Oei, P.-Y., Hermann, H., Herpich, P., Holtemöller, O., Lünenbürger, B., & Schult, C. (2020) · Energy · doi:10.1016/j.energy.2020.117004 · Cited by 154
"Unburnable carbon 2013: wasted capital and stranded assets"
Ward, B., Leaton, J., Sussams, L., Brown, M., & Ranger, N. (2013) · Management of Environmental Quality An International Journal · doi:10.1108/meq.2013.08324eaa.003 · Cited by 145
Are the G20 economies making enough progress to meet their NDC targets?
den Elzen, M., Kuramochi, T., Höhne, N., Cantzler, J., Esmeijer, K., Fekete, H., Fransen, T., Keramidas, K., Roelfsema, M., Sha, F., et al. (2019) · Energy Policy · doi:10.1016/j.enpol.2018.11.027 · Cited by 144
Vermeulen, R., Schets, E., Lohuis, M., Koelbl, B. S., Jansen, D., & Heeringa, W. (2021) · Ecological Economics · doi:10.1016/j.ecolecon.2021.107205 · Cited by 144
Instrument choice and stranded assets in the transition to clean capital
Rozenberg, J., Vogt‐Schilb, A., & Stéphane Hallegatte, A. (2018) · Journal of Environmental Economics and Management · doi:10.1016/j.jeem.2018.10.005 · Cited by 143
Christophers, B. (2013) · Wiley eBooks · doi:10.1002/9781118295496 · Cited by 143
Environmental Beta or How Institutional Investors Think about Climate Change and Fossil Fuel Risk
Christophers, B. (2019) · Annals of the American Association of Geographers · doi:10.1080/24694452.2018.1489213 · Cited by 140
Climate policy, stranded assets, and investors’ expectations
Şen, S., & von Schickfus, M.-T. (2019) · Journal of Environmental Economics and Management · doi:10.1016/j.jeem.2019.102277 · Cited by 140
Geddes, A., & Schmidt, T. S. (2020) · Research Policy · doi:10.1016/j.respol.2020.103985 · Cited by 140
An Introduction to the Green Paradox: The Unintended Consequences of Climate Policies
Jensen, S., Mohlin, K., Pittel, K., & Sterner, T. (2015) · Review of Environmental Economics and Policy · doi:10.1093/reep/rev010 · Cited by 134
Science and the stock market: Investors' recognition of unburnable carbon
Griffin, P. A., Jaffe, A. M., Lont, D. H., & Dominguez-Faus, R. (2015) · Energy Economics · doi:10.1016/j.eneco.2015.08.028 · Cited by 132
Contagion, Liberalization, and the Optimal Structure of Globalization
Stiglitz, J. E. (2010) · Journal of Globalization and Development · doi:10.2202/1948-1837.1149 · Cited by 128
Vulnerable Yet Relevant: The Two Dimensions of Climate-Related Financial Disclosure
Monasterolo, I., Battiston, S., Janetos, A. C., & Zheng, Z. (2017) · Climatic Change · doi:10.1007/s10584-017-2095-9 · Cited by 126
Capital stranding cascades: The impact of decarbonisation on productive asset utilisation
Cahen-Fourot, L., Campiglio, E., Godin, A., Kemp-Benedict, E. J., & Trsek, S. (2021) · Energy Economics · doi:10.1016/j.eneco.2021.105581 · Cited by 119
Self-citationSocial influence in the global diffusion of alternative fuel vehicles – A meta-analysis
Pettifor, H., Wilson, C., Axsen, J., Abrahamse, W., & Anable, J. (2017) · Journal of Transport Geography · doi:10.1016/j.jtrangeo.2017.06.009 · Cited by 118
Luis Mundaca, T., & Richter, J. L. (2014) · Renewable and Sustainable Energy Reviews · doi:10.1016/j.rser.2014.10.060 · Cited by 117
Climate Change and Financial Stability
Brunetti, C., Dennis, B. N., Gates, D., Hancock, D., Ignell, D., Kiser, E. K., Kotta, G., Kovner, A., Rosen, R. J., & Tabor, N. K. (2021) · FEDS Notes · doi:10.17016/2380-7172.2893 · Cited by 116
Deleidi, M., Mazzucato, M., & Semieniuk, G. (2020) · Energy Policy · doi:10.1016/j.enpol.2019.111195 · Cited by 114
Self-citationStranded research? Leading finance journals are silent on climate change
Diaz-Rainey, I., Robertson, B., & Wilson, C. (2017) · Climatic Change · doi:10.1007/s10584-017-1985-1 · Cited by 109
Bebbington, J., Schneider, T., Stevenson, L. A., & Fox, A. (2019) · Critical Perspectives on Accounting · doi:10.1016/j.cpa.2019.04.004 · Cited by 107
The risk of policy tipping and stranded carbon assets
van der Ploeg, F., & Rezai, A. (2019) · Journal of Environmental Economics and Management · doi:10.1016/j.jeem.2019.102258 · Cited by 106
Designing car bans for sustainable transportation
Plötz, P., Axsen, J., Funke, S. Á., & Gnann, T. (2019) · Nature Sustainability · doi:10.1038/s41893-019-0328-9 · Cited by 97
The Economic Fundamentals of Global Warming
Foley, D. K. (2009) · Edward Elgar Publishing eBooks · doi:10.4337/9781035305629.00015 · Cited by 93
The theory of capitalist development
Giddens, A. (1971) · Cambridge University Press eBooks · doi:10.1017/cbo9780511803109.007 · Cited by 90
Climate–carbon cycle uncertainties and the Paris Agreement
Holden, P. B., Edwards, N. R., Ridgwell, A., Wilkinson, R. D., Fraedrich, K., Lunkeit, F., Pollitt, H., Mercure, J.-F., Salas, P., Lam, A., et al. (2018) · Nature Climate Change · doi:10.1038/s41558-018-0197-7 · Cited by 88
Self-citationMINSKY MODELS: A STRUCTURED SURVEY
Nikolaidi, M., & Stockhammer, E. (2017) · Journal of Economic Surveys · doi:10.1111/joes.12222 · Cited by 88
Visual Influence and Social Groups
McShane, B. B., Bradlow, E. T., & Berger, J. A. (2012) · Journal of Marketing Research · doi:10.1509/jmr.11.0223 · Cited by 84
Worth the risk? An evaluation of alternative finance mechanisms for residential retrofit
Brown, D., Sorrell, S., & Kivimaa, P. (2019) · Energy Policy · doi:10.1016/j.enpol.2018.12.033 · Cited by 78
IAMC 1.5°C Scenario Explorer and Data hosted by IIASA
Huppmann, D., Kriegler, E., Krey, V., Riahi, K., Rogelj, J., Rose, S., Weyant, J. P., Bauer, N., Bertram, C., Bosetti, V., et al. (2018) · IIASA DARE · doi:10.22022/sr15/08-2018.15429 · Cited by 77
Modelling the Evolution of Economic Structure and Climate Change: A Review
Ciarli, T., & Savona, M. (2019) · Ecological Economics · doi:10.1016/j.ecolecon.2018.12.008 · Cited by 74
The Oxford Handbook of Karl Marx
Vidal, M., Smith, T., Rotta, T. N., & Prew, P. (2018) · Oxford University Press eBooks · doi:10.1093/oxfordhb/9780190695545.001.0001 · Cited by 69
Fiscal Policy and Ecological Sustainability: A Post-Keynesian Perspective
Dafermos, Y., & Nikolaidi, M. (2019) · Springer eBooks · doi:10.1007/978-3-030-23929-9_7 · Cited by 66
Wealth and Asset Price Effects on Economic ActivityPreprint
Altissimo, F., Georgiou, E. A., Sastre, T., Valderrama, M. T., Sterne, G., Stocker, M., Weth, M. A., Whelan, K. T., & Willman, A. (2005) · SSRN Electronic Journal · doi:10.2139/ssrn.752089 · Cited by 63
All or nothing: Climate policy when assets can become stranded
Kalkuhl, M., Steckel, J. C., & Edenhofer, O. (2019) · Journal of Environmental Economics and Management · doi:10.1016/j.jeem.2019.01.012 · Cited by 63
Climate constraints on the carbon intensity of economic growth
Rozenberg, J., Davis, S. J., Narloch, U., & Stéphane Hallegatte, A. (2015) · Environmental Research Letters · doi:10.1088/1748-9326/10/9/095006 · Cited by 59
Power sector asset stranding effects of climate policies
Saygin, D., Rigter, J., Caldecott, B., Wagner, N., & Gielen, D. J. (2019) · Energy Sources Part B Economics Planning and Policy · doi:10.1080/15567249.2019.1618421 · Cited by 58
Coulomb, R., Lecuyer, O., & Vogt‐Schilb, A. (2018) · Environmental and Resource Economics · doi:10.1007/s10640-018-0274-4 · Cited by 52
Serrenho, A. C., Drewniok, M., Dunant, C. F., & Allwood, J. M. (2019) · Resources Conservation and Recycling · doi:10.1016/j.resconrec.2019.02.001 · Cited by 51
The Tightening Links Between Financial Systems and the Low-Carbon Transition
Campiglio, E., Godin, A., Kemp-Benedict, E. J., & Matikainen, S. (2017) · Springer eBooks · doi:10.1007/978-3-319-60459-6_8 · Cited by 48
Self-citationByrd, J., & Cooperman, E. S. (2018) · Journal of Sustainable Finance & Investment · doi:10.1080/20430795.2017.1418063 · Cited by 40
Innovation and finance: a stock flow consistent analysis of great surges of development
Caiani, A., Godin, A., & Lucarelli, S. (2014) · Journal of Evolutionary Economics · doi:10.1007/s00191-014-0346-8 · Cited by 38
A Climate Risk Assessment of Sovereign Bonds' PortfolioPreprint
Battiston, S., & Monasterolo, I. (2019) · SSRN Electronic Journal · doi:10.2139/ssrn.3376218 · Cited by 33
Fisher, J. D., Johnson, D., Smeeding, T. M., & Thompson, J. (2019) · Working paper series · doi:10.29412/res.wp.2019.04 · Cited by 31
A Climate Risk Assessment of Sovereign Bonds’ PortfolioPreprint
Battiston, S., & Monasterolo, I. (2019) · SSRN Electronic Journal · doi:10.2139/ssrn.3464206 · Cited by 29
Semieniuk, G., & Mazzucato, M. (2019) · Edward Elgar Publishing eBooks · doi:10.4337/9781788110686.00019 · Cited by 27
Self-citationThe impact of the financial crisis on capital investments in innovative firms
Giebel, M., & Kraft, K. (2018) · Industrial and Corporate Change · doi:10.1093/icc/dty050 · Cited by 24
A Taxonomy of Climate Accounting Principles for Financial Portfolios
Thomä, J., Dupré, S., & Hayne, M. (2018) · Sustainability · doi:10.3390/su10020328 · Cited by 20
Consequences of lower oil prices and stranded assets for Russia's sustainable fiscal stance
Malova, A. S., & van der Ploeg, F. (2017) · Energy Policy · doi:10.1016/j.enpol.2017.02.022 · Cited by 18
Callegari, B. (2018) · Journal of Evolutionary Economics · doi:10.1007/s00191-018-0601-5 · Cited by 17
Caldecott, B., & Dericks, G. H. (2017) · Climate Policy · doi:10.1080/14693062.2017.1382318 · Cited by 13
TPI state of transition report 2019
Dietz, S., Byrne, R., Gardiner, D., et al. (2026) · London School of Economics and Political Science Research Online (London School of Economics and Political Science) · doi:10.21953/researchonline.lse.ac.uk.00137920 · Cited by 9
The Impact of the Financial Crisis on Investments in Innovative FirmsPreprint
Giebel, M., & Kraft, K. (2015) · SSRN Electronic Journal · doi:10.2139/ssrn.2666595 · Cited by 8
Toward Risk-Opportunity Assessment in Climate-Friendly Finance
Mercure, J.-F. (2019) · One Earth · doi:10.1016/j.oneear.2019.11.007 · Cited by 4
Self-citation
Cited by
The momentum of the solar energy transition
Nijsse, F. J. M. M., Mercure, J.-F., Ameli, N., Larosa, F., Kothari, S., Rickman, J., Vercoulen, P., & Pollitt, H. (2023) · Nature Communications · doi:10.1038/s41467-023-41971-7 · Cited by 389
Self-citationStranded fossil-fuel assets translate to major losses for investors in advanced economies
Semieniuk, G., Holden, P. B., Mercure, J.-F., Salas, P., Pollitt, H., Jobson, K., Vercoulen, P., Chewpreecha, U., Edwards, N. R., & Viñuales, J. E. (2022) · Nature Climate Change · doi:10.1038/s41558-022-01356-y · Cited by 294
Self-citationlin, J., Shen, Y., Li, X., & Hasnaoui, A. (2021) · Journal of Environmental Management · doi:10.1016/j.jenvman.2021.113460 · Cited by 112
Metadata
- Authors
- Semieniuk, G., Campiglio, E., Mercure, J., Volz, U., & Edwards, N. R.
- Venue
- WIREs Climate Change
- Publisher
- Wiley
- Published
- 2020-10
- Volume
- 12
- Issue
- 1
- ISSN
- 1757-7780 (ISSN-L)
- 1757-7799
- OpenAlex
- W2998183603
- Cited by
- 441
- References
- 141
- FWCI
- 44.74
- Type
- journal article
- Language
- en
- Open access
- hybrid
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
