CMCC Webinar - Capital stranding cascades: The impact of decarbonisation on productive asset utilisation

You are here

Browse by:





9 May 2019

On 9 May 2019 (12:00 pm CET), Centro Euro-Mediterraneo sui Cambiamenti Climatici (CMCC) is holding a webinar on "Capital stranding cascades: The impact of decarbonisation on productive asset utilisation." 

Presenter: Emanuele Campiglio, Vienna University of Economics and Business (WU)

ModeratorFrancesco Lamperti, Institute of Economics, Scuola Superiore Sant’Anna (Pisa) and RFF‐CMCC European Institute on Economics and the Environment (EIEE), Centro Euro‐ Mediterraneo sui Cambiamenti Climatici, Italy

Dr. Emanuele Campiglio will be presenting and answering questions on his article, which develops a novel methodological framework to investigate the exposure of economic systems to the risk of physical capital stranding. Combining Input-Output (IO) and network theory, the authors define measures to identify both the sectors likely to trigger relevant capital stranding cascades and those most exposed to capital stranding risk. They show how, in a sample of ten European countries, mining is among the sectors with the highest external asset stranding multipliers. The sectors most affected by capital stranding triggered by decarbonisation include electricity and gas; coke and refined petroleum products; basic metals; and transportation. From these sectors,  stranding would frequently cascade down to chemicals; metal products; motor vehicles; water and waste services; wholesale and retail trade; and public administration. Finally, they provide an estimate for the lower-bound amount of productive assets at risk of transition-related stranding, which is in the range of 0.6-8.2\% of the overall capital stock for their sample of countries, mainly concentrated in the electricity and gas sector, manufacturing, and mining. These results confirm the systemic relevance of transition-related risks on European societies.


12:00 pm – Welcome and introduction – Francesco Lamperti
12:05 pm – Presenter’s talk, Emanuele Campiglio
12:35 pm – Q&A session (moderated by Francesco Lamperti)
1.00 pm – End of webinar

Delivery mode: 
Registration required: 
Action type: