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The finance perspective on fossil fuel divestment

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dc.contributor.authorPlantinga, Auke
dc.contributor.authorScholtens, Bert
dc.date.accessioned2024-02-20T11:30:06Z
dc.date.available2024-02-20T11:30:06Z
dc.date.issued2024-02-01
dc.identifier298488479
dc.identifier712f76e0-691f-49b3-8ee7-86f02435034d
dc.identifier85180566266
dc.identifier.citationPlantinga , 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.2023.101394en
dc.identifier.issn1877-3435
dc.identifier.otherORCID: /0000-0001-5774-5191/work/158122986
dc.identifier.urihttps://hdl.handle.net/10023/29298
dc.description.abstractThis 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.extent5
dc.format.extent469143
dc.language.isoeng
dc.relation.ispartofCurrent Opinion in Environmental Sustainabilityen
dc.subjectFossil fuelen
dc.subjectDivestmenten
dc.subjectReviewen
dc.subjectCarbon shielden
dc.subjectHG Financeen
dc.subjectEnvironmental Science(all)en
dc.subjectSocial Sciences(all)en
dc.subjectSDG 7 - Affordable and Clean Energyen
dc.subjectSDG 9 - Industry, Innovation, and Infrastructureen
dc.subjectSDG 12 - Responsible Consumption and Productionen
dc.subjectSDG 13 - Climate Actionen
dc.subjectMCCen
dc.subject.lccHGen
dc.titleThe finance perspective on fossil fuel divestmenten
dc.typeJournal articleen
dc.contributor.institutionUniversity of St Andrews. Finance (Business School)en
dc.identifier.doihttps://doi.org/10.1016/j.cosust.2023.101394
dc.description.statusPeer revieweden


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