?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=Fossil+Fuel+Carriers+and+the+Risk+of+Stranded+Assets&rft.creator=Fricaudet%2C+Marie&rft.creator=Sohm%2C+Stefanie&rft.creator=Smith%2C+Tristan&rft.creator=Rehmatulla%2C+Nishatabbas&rft.description=More+than+a+third+of+the+global+shipping+capacity+is+dedicated+to+transporting+fossil+fuels.+As+the+world+will+have+to+drastically+reduce+the+use+of+fossil+fuels+to+stay+within+the+1.5%C2%B0C+climate+targets+of+the+Paris+Agreement%2C+much+of+this+fleet+value+is+at+risk+of+being+stranded.+We+build+a+top-down+quantitative+assessment+of+the+risk+of+asset+stranding+for+fossil+fuel+carriers+and+show+that+both+oil+tankers+and+liquefied+gas+tankers+would+be+in+significant+oversupply+in+the+late+2020s+to+2040+even+if+no+new+ships+are+ordered+after+2023.+Continued+newbuilding+would+lead+to+up+to+41%25+of+expected+earnings+from+2024+to+2050+failing+to+materialise%2C+putting+large+amount+of+the+fleets+at+risk+of+devaluation.+The+results+have+implications+for+investors+in+fossil+fuel+carriers+today+and+contribute+to+the+burgeoning+literature+on+stranded+assets+by+providing+a+first+assessment+of+the+risk+of+asset+stranding+for+assets+dedicated+to+transporting+fossil+fuels.&rft.subject=stranded+assets%2C+Shipping%2C+Energy+Transition%2C+transition+risk%2C+demand-side+risk%2C+Fossil+Fuels&rft.publisher=Elsevier&rft.date=2024-04-09&rft.type=Working+%2F+discussion+paper&rft.language=eng&rft.source=++++Elsevier%3A+New+York%2C+NY%2C+USA.+(2024)+++++&rft.format=text&rft.identifier=https%3A%2F%2Fdiscovery.ucl.ac.uk%2Fid%2Feprint%2F10191203%2F1%2FFricaudet%2520et%2520al.%2520%25282024%2529%2520Stranded%2520asset%2520risk%2520and%2520fossil%2520fuel%2520carriers.pdf&rft.identifier=https%3A%2F%2Fdiscovery.ucl.ac.uk%2Fid%2Feprint%2F10191203%2F&rft.rights=open