迈向低碳经济：低碳转型的金融影响.pdfVIP

Moving to a Low-Carbon Economy: he Financial Impact of the Low- Carbon Transition The Financial Impact of the Low-Carbon Transition II The Financial Impact of the Low-Carbon Transition Executive Summary A major concern regarding a transition to a low-car- Electricity (Figure 1) bon economy is the impact that it could have on the • Low-carbon energy infrastructure is less global financial system. Would the scale of investment expensive to operate, primarily because of required consume financial resources and crowd out avoided operating costs associated with investments elsewhere in the economy? Would the extracting and transporting coal and gas. We impact that the transition would have on the value estimate that operating savings would be signif- of existing investments — that is, the assets it would icant, totaling $4.6 trillion. strand — reduce the capacity of investors and govern- ments to invest? • The global electricity industry (including fuel extraction, generation, and transmission and This paper assesses the impact of a potential transi- distribution) would see more capital investment tion, looking not just at the inve