Beyond Stranded Assets Climate Strategies of Fossil Fuel-Dependent Countries

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Bibliographische Detailangaben
1. Verfasser: Peszko, Grzegorz (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D. C. World Bank Publications 2020
Schriftenreihe:Climate Change and Development Ser
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Inhaltsangabe:
  • Front Cover
  • Contents
  • Acknowledgments
  • Executive Summary
  • Abbreviations
  • Chapter 1. Introduction
  • Notes
  • References
  • Chapter 2. Challenges, Risks, and Opportunities of a Low-Carbon Transition
  • Existing Challenges for FFDCs
  • New Risks for FFDCs
  • An LCT: Smooth Sailing or Tipping Points?
  • Notes
  • References
  • Chapter 3. Potential Impacts on Different Sectors and Countries
  • Coal Sector
  • Oil and Gas Sectors
  • Refineries
  • Carbon-Intensive Manufacturing: Steel and Cement
  • Why Focus on Sovereigns and State-Owned Enterprises?
  • Notes
  • References
  • Chapter 4. Strategic Framework for Dealing with the Potential Impacts of a Low-Carbon Transition
  • Diversification Options for FFDCs
  • Options for Climate Action and Cooperation
  • Notes
  • References
  • Chapter 5. Preparedness for a Low-Carbon Transition
  • Measuring Preparedness for an LCT
  • Exposure
  • Resilience
  • Notes
  • References
  • Chapter 6. Charting the Future
  • Assessing Uncertain Impacts and Preparedness for Managing a Low-Carbon Transition
  • Developing Strategies to Manage an LCT
  • Strategies for Cooperation in International Climate Initiatives
  • Notes
  • References
  • 7. Conclusions
  • Boxes
  • Box 1.1 Climate Response Measures in the UNFCCC Documents
  • Box 2.1 The Oil Price Collapse and the "Reverse Resource Curse"
  • Box 2.2 Climate-Related Risks to Financial and Economic Stability
  • Box 3.1 Coal Transport Infrastructure: Risk of Stranded Assets in Mozambique
  • Box 4.1 Empirical Evidence for Export Diversification
  • Box 4.2 Classification of Assets and Capital
  • Box 4.3 Traditional View on Price-Based Cooperative Policy Instruments under the Paris Agreement
  • Box 4.4 Wellhead Carbon Tax
  • Box 5.1 Principal Component Analysis (PCA)
  • Box 5.2 Indicator of Economic Complexity
  • Box 5.3 Significance of Technological Openness
  • Box 6.1 Tools to Aid Decision-Making under Uncertainty
  • Box 6.2 Harrigan's Model of Firms' Strategies in Declining Industries
  • Box 6.3 Statoil (Now Equinor) Strategic Framework
  • Box 6.4 The Decline of the UK Coal Industry
  • Figures
  • Figure ES.1 How a Low-Carbon Transition Could Unfold and How FFDCs Could Prepare for It
  • Figure ES.2 Two Broad Diversification Strategies
  • Figure ES.3 Fossil Fuel Rents as a Share of GDP for 10 Top Fuel Producers, 2013-17
  • Figure ES.4 Countries' Preparedness for a Low-Carbon Transition
  • Figure 2.1 How a Low-Carbon Transition Could Unfold and How FFDCs Could Prepare for It
  • Figure 2.2 Nonhydro Renewables Share of Power Generation by Region
  • Figure 3.1 Coal Reserves-to-Production Ratios
  • Figure 3.2 Fossil Fuel Rents as a Share of GDP for 10 Top Fuel Producers, 2013-17
  • Figure 3.3 Breakdown of Coal Sector Cash Flow, 2011-50
  • Figure 3.4 Oil Reserves-to-Production Ratios
  • Figure 3.5 Gas Reserves-to-Production Ratios
  • Figure 3.6 Room for New Oil and Gas Field Development in 2-Degree Celsius IEA Scenarios
  • Figure 3.7 Global Oil Supply Cost Curve and Break-Even Prices
  • Figure 3.8 Domestic Consumption of Cement in China and India
  • Figure 3.9 Shares in Expected Revenue from Oil and Gas between 2013 and 2050
  • Figure 3.10 Export Revenues from Fossil Fuels as a Share of Total Export Revenues for the Top 10 Most Dependent Countries (2013-17)
  • Figure 4.1 Two Broad Diversification Strategies
  • Figure B4.1.1 Relationship between Export Concentration and GDP per Capita Growth (1961-2000)
  • Figure 4.2 Importance of Public Institutions for the Asset Index
  • Figure 4.3 Long-Term Impact of Different Strategies on GDP in FFDCs under Different Climate and Trade Policy Scenarios
  • Figure 5.1 Countries' Preparedness for a Low-Carbon Transition
  • Figure 5.2 Resource Rents as a Share of GNI, 2016
  • Figure 5.3 Ratio of Committed Emissions from Power Generation (to 2020) to Current Generation Capacity
  • Figure B5.2.1 Economic Complexity and Variance in GDP per Capita
  • Figure 6.1 More than Divestment: Multiple Strategies Will Help Fossil Fuel-Dependent Countries Navigate the Risks and Harness the Opportunities of a Low-Carbon Transition
  • Figure 6.2 Strategy-Development Process for Countries and Fossil Fuel-Dependent SOEs
  • Tables
  • Table 4.1 Choices of Possible Instruments of Climate Cooperation Strategies
  • Table B5.1.1 Structure of Index of Preparedness for Climate Response Measure
  • Table 5.1 Exposure Indicators for Selected Fossil Fuel-Dependent Countries
  • Table 5.2 Economic Resilience Indicators
  • Table 5.3 Indicators of Resilience to External Shocks for Fossil Fuel-Dependent Countries and Other Selected Countries
  • Table B6.2.1 Matrix of External Determinants of Successful Strategies of Firms in Declining Industries
  • Table 6.1 Matrix of Determinants of Success of the Strategies of Fossil Fuel-Dependent Firms