To build or not to build? Capital stocks and climate policy

Working paper by Elizabeth Baldwin, Yongyang Cai, Karlygash Kuralbayeva on 19 Jan 2018

To achieve the goals of the Paris Agreement, the use of fossil fuels must peak and then rapidly decline. This research investigates the impact of climate change policy on capital invested in fossil fuel power plants, especially coal – so-called ‘dirty’ assets. read more »