Capital stranding cascades: The impact of decarbonisation on productive asset utilization (notice n° 975764)
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| fixed length control field | 03569cam a2200361 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250125120927.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Cahen-Fourot, Louison |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Capital stranding cascades: The impact of decarbonisation on productive asset utilization |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2021.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 4 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | L’objectif de cet article est d’évaluer l’exposition des systèmes économiques au risque d’échouage du capital physique suite à une réduction de la production et de l’utilisation des combustibles fossiles. Nous calculons des “multiplicateurs marginaux d’échouage” intersectoriels et transnationaux pour 43 régions, et nous étudions comment l’échouage du capital du côté de l’offre pourrait se propager via les réseaux de production internationaux. Nous montrons comment l’industrie fossile a le potentiel de créer d’importantes cascades d’échouages affectant les secteurs en aval et le système économique dans son ensemble. Nous nous concentrons ensuite sur les impacts d’échouage entre pays et classons les pays en fonction de leur potentiel d’échouage externe et de leur exposition au risque d’échouage externe. Enfin, nous analysons plus en profondeur les origines et les canaux de transmission des liens d’échouage affectant les pays les plus exposés (États-Unis, Chine et Allemagne). Nos résultats confirment la pertinence d’inclure les réseaux de production multirégionaux et l’échouage du capital physique dans l’effort en cours pour évaluer les implications macrofinancières d’une transition vers une économie à faible émission de carbone. JEL Classification: C67; E22; L71; O10; Q32 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | The aim of this article is to assess the exposure of economic systems to the risk of physical capital stranding following a reduction of fossil fuel production and use. We calculate cross-sectoral and cross-country ‘marginal stranding multipliers’ for 43 regions, and study how supply-side capital stranding might propagate via international production networks. We show how the fossil industry has the potential of creating significant stranding cascades affecting downstream sectors and the economic system as a whole. We then focus on cross-country stranding impacts and rank countries according to their external stranding potential and to their exposure to external stranding risk. Finally, we analyse more in depth the origins and transmission channels of the stranding links affecting the most exposed countries (US, China and Germany). Our results confirm the relevance of including multi-regional production networks and physical capital stranding into the ongoing effort to assess the macro-financial implications of a low-carbon transition. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | politiques de l’offre |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | combustibles fossils |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | actifs échoués |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | réseaux de production |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | stocks de capitaux |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | transition bas-carbone |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | supply-side policies |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | low-carbon transition |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | capital stocks |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | asset stranding |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | production networks |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | fossil fuels |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Campiglio, Emanuele |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Godin, Antoine |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Kemp-Benedict, Eric |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Trsek, Stefan |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | AFD Research Papers | - | 204 | 2021-03-01 | p. 1-32 | 2492 - 2846 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-afd-research-papers-2021-204-page-1?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-afd-research-papers-2021-204-page-1?lang=en&redirect-ssocas=7080</a> |
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