Overview Controlling global warming means drastically reducing the world's consumption of coal, gas and oil, and substituting these resources with renewable energies. Current massive investments by the fossil fuel industries contradict the decarbonization objectives being discussed by international bodies. This discrepancy generates a major risk for the economy, that of a sharp devaluation of (so-called “stranded”) assets, such as fossil deposits, oil rigs and coal-fired power plants. Several important questions emerge: which assets are likely to be stranded? Where are they located? How does the transition to a low-carbon economy affect companies or countries with interests in the extraction, refining or […]