“Stranding” Fossil Fuel Assets Equitably
In order to stay below the 2-degree C temperature increase target agreed upon in Paris, approximately two thirds of fossil fuel reserves will need to be left underground or be stranded. McGlade and Ekins (2015) have assessed what assets would be stranded if the more costly reserves were to be left underground. CCSI is exploring how equity can be taken into account when thinking through the issue of stranding assets. This and this blog explore scenarios and bottlenecks of equitable asset stranding. CCSI continues to research this question in conjunction with the Center for Sustainable Development.