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The finance perspective on fossil fuel divestment
Item metadata
dc.contributor.author | Plantinga, Auke | |
dc.contributor.author | Scholtens, Bert | |
dc.date.accessioned | 2024-02-20T11:30:06Z | |
dc.date.available | 2024-02-20T11:30:06Z | |
dc.date.issued | 2024-02-01 | |
dc.identifier | 298488479 | |
dc.identifier | 712f76e0-691f-49b3-8ee7-86f02435034d | |
dc.identifier | 85180566266 | |
dc.identifier.citation | Plantinga , A & Scholtens , B 2024 , ' The finance perspective on fossil fuel divestment ' , Current Opinion in Environmental Sustainability , vol. 66 , 101394 . https://doi.org/10.1016/j.cosust.2023.101394 | en |
dc.identifier.issn | 1877-3435 | |
dc.identifier.other | ORCID: /0000-0001-5774-5191/work/158122986 | |
dc.identifier.uri | https://hdl.handle.net/10023/29298 | |
dc.description.abstract | This paper reviews the fossil fuel divestment literature. It argues that the origin of climate change is in the ‘carbon shield’, meaning that fossil fuel firms are not held sufficiently responsible for their externalities. By divesting from these firms, investors do not want to be complicit. The literature differentiates three dimensions in the fossil fuel divestment debate: Justification, Impact, and Agent. The first discusses the justification for divesting, whereas the second discusses the impact of divesting on financial performance and/or emissions, and the third relates to how to accomplish divesting and its consequences for individual agents. The review concludes that the number of perspectives used to analyze the divestment debate is rising, that the environmental and financial impact of divestment is very limited, and that a wide variety of agents relate to divesting from fossil fuel. | |
dc.format.extent | 5 | |
dc.format.extent | 469143 | |
dc.language.iso | eng | |
dc.relation.ispartof | Current Opinion in Environmental Sustainability | en |
dc.subject | Fossil fuel | en |
dc.subject | Divestment | en |
dc.subject | Review | en |
dc.subject | Carbon shield | en |
dc.subject | HG Finance | en |
dc.subject | Environmental Science(all) | en |
dc.subject | Social Sciences(all) | en |
dc.subject | SDG 7 - Affordable and Clean Energy | en |
dc.subject | SDG 9 - Industry, Innovation, and Infrastructure | en |
dc.subject | SDG 12 - Responsible Consumption and Production | en |
dc.subject | SDG 13 - Climate Action | en |
dc.subject | MCC | en |
dc.subject.lcc | HG | en |
dc.title | The finance perspective on fossil fuel divestment | en |
dc.type | Journal article | en |
dc.contributor.institution | University of St Andrews. Finance (Business School) | en |
dc.identifier.doi | https://doi.org/10.1016/j.cosust.2023.101394 | |
dc.description.status | Peer reviewed | en |
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