ERC Advanced Grant · 2020
Climate change and Fossil Fuels
To halt climate change, the 2015 Paris Agreement implicitly requires leaving fossil fuels (FF) underground (LFFU) and coherent financial flows. This implies stranding huge amounts of FF resources and assets (worth $16-300 trillion), affecting big investors: FF firms, shareholders (pension funds/philanthropies), debt financers (aid agencies/development banks) and governments. Research is scarce on big investors, the implications for developing countries with FF resources, and how LFFU can be equitably mobilized. Hence, CLIFF addresses the question: What is the role of big investors in leaving fossil fuels underground (LFFU), what are the North-South implications of LFFU and what measures can…
From the public funding record at EU CORDIS. Describes the funded project, not the reviews below.