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Stranded Asset
Stranded assets are "assets that have suffered from unanticipated or premature write-downs, devaluations or conversion to liabilities". Stranded assets can be caused by a variety of factors and are a phenomenon inherent in the 'creative destruction' of economic growth, transformation and innovation; as such they pose risks to individuals and firms and may have systemic implications. Climate change is expected to cause a significant increase in stranded assets for carbon-intensive industries and investors, with a potential ripple effect throughout the world economy. The term is important to financial risk management in order to avoid economic loss after an asset has been converted to a liability. Accountants have measures to deal with the impairment of assets (e.g. IAS 16) which seek to ensure that an entity's assets are not carried at more than their recoverable amount. In this context, stranded assets are also defined as an asset that has become obsolete or non-performing, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetaryThere are different methods of assessing the monetary value of the assets recorded on the Balance Sheet. In some cases, the ''Historical Cost'' is used; such that the value of the asset when it was bought in the past is used as the monetary value. In other instances, the present fair market value of the asset is used to determine the value shown on the balance sheet. value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business. ''Total assets'' can also be called the ''balance sheet total''. Assets can be grouped into two major classes: Tangible property, tangib ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Behaviour
Consumer behaviour is the study of individuals, groups, or organisations and all activities associated with the Purchasing, purchase, Utility, use and disposal of goods and services. It encompasses how the consumer's emotions, Attitude (psychology), attitudes, and Preference (economics), preferences affect Buyer decision process, buying behaviour, and how external cues—such as visual prompts, auditory signals, or tactile (haptic) feedback—can shape those responses. Consumer behaviour emerged in the 1940–1950s as a distinct sub-discipline of marketing, but has become an Interdisciplinarity, interdisciplinary social science that blends elements from psychology, sociology, Social Anthropology, social anthropology, anthropology, ethnography, ethnology, marketing, and economics (especially behavioural economics). The study of consumer behaviour formally investigates individual qualities such as demographics, personality lifestyles, and behavioural variables (like usage rate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leapfrogging
Leapfrogging is a concept used in many domains of the economics and business fields, and was originally developed in the area of industrial organization and economic growth. The main idea behind the concept of leapfrogging is that small and incremental innovations lead a dominant firm to stay ahead. However, sometimes, radical innovations will permit new firms to leapfrog the ancient and dominant firm. The phenomenon can occur to firms but also to leadership of countries or cities, where a developing country can skip stages of the path taken by industrial nations, enabling them to catch up sooner, particularly in terms of economic growth. Industrial organization In the field of industrial organization (IO), the main work on leapfrogging was developed by Fudenberg, Gilbert, Stiglitz and Tirole (1983). In their article, they analyze under which conditions a new entrant can leapfrog an established firm. That leapfrogging can arise because an established monopolist has a somewhat re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ghost Town
A ghost town, deserted city, extinct town, or abandoned city is an abandoned settlement, usually one that contains substantial visible remaining buildings and infrastructure such as roads. A town often becomes a ghost town because the economic activity that supported it (usually industrial or agricultural) has failed or ended for any reason (e.g. a host ore deposit exhausted by mining). The town may have also declined because of natural or human-caused disasters such as floods, prolonged Drought, droughts, extreme heat or extreme cold, government actions, uncontrolled lawlessness, war, pollution, or nuclear and radiation accidents and incidents, nuclear and radiation-related accidents and incidents. The term can sometimes refer to cities, towns, and neighborhoods that, though still populated, are significantly less so than in past years; for example, those affected by high levels of unemployment and dereliction. Some ghost towns, especially those that preserve period-specific ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Analysis Of Climate Change
An economic analysis of climate change uses economic tools and models to calculate the magnitude and distribution of damages Effects of climate change, caused by climate change. It can also give guidance for the best policies for Climate change mitigation, mitigation and Climate change adaptation, adaptation to climate change from an economic perspective. There are many economic models and frameworks. For example, in a cost–benefit analysis, the trade offs between climate change impacts, adaptation, and mitigation are made explicit. For this kind of analysis, Integrated assessment modelling, integrated assessment models (IAMs) are useful. Those models link main features of society and economy with the biosphere and atmosphere into one modelling framework. The total economic impacts from climate change are difficult to estimate. In general, they increase the more the Instrumental temperature record, global surface temperature increases (see Climate change scenario, climate change ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Environmental Stewardship
Environmental stewardship (or planetary stewardship) refers to the responsible use and protection of the natural environment through active participation in conservation efforts and sustainable practices by individuals, small groups, nonprofit organizations, federal agencies, and other collective networks. Aldo Leopold (1887–1949) championed environmental stewardship in land ethics, exploring the ethical implications of "dealing with man's relation to land and to the animals and plants which grow upon it." Resilience-based ecosystem stewardship Resilience-based ecosystem stewardship emphasizes resilience as an integral feature of responding to and interacting with the environment in a constantly changing world. Resilience refers to the ability of a system to recover from disturbance and return to its basic function and structure. For example, ecosystems do not serve as singular resources but rather are function-dependent in providing an array of ecosystem services. Additionall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Climate Lawsuit
Climate change litigation, also known as climate litigation, is an emerging body of environmental law using legal practice to set case law precedent to further climate change mitigation efforts from public institutions, such as governments and companies. In the face of slow climate change politics delaying climate change mitigation, activists and lawyers have increased efforts to use national and international judiciary systems to advance the effort. Climate litigation typically engages in one of five types of legal claims: Constitutional law (focused on breaches of constitutional rights by the state), administrative law (challenging the merits of administrative decision making), private law (challenging corporations or other organizations for negligence, nuisance, etc., fraud or consumer protection (challenging companies for misrepresenting information about climate impacts), or human rights (claiming that failure to act on climate change is a failure to protect human rights). Li ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carbon Tax
A carbon tax is a tax levied on the carbon emissions from producing goods and services. Carbon taxes are intended to make visible the hidden Social cost of carbon, social costs of carbon emissions. They are designed to reduce greenhouse gas emissions by essentially increasing the price of fossil fuels. This both decreases demand for goods and services that produce high emissions and incentivizes making them less emission intensity, carbon-intensive. When a fossil fuel such as coal, petroleum, or natural gas is burned, most or all of its carbon is converted to . Greenhouse gas emissions cause climate change. This negative externality can be reduced by taxing carbon content at any point in the product cycle. A carbon tax as well as carbon emission trading is used within the carbon price concept. Two common economic alternatives to carbon taxes are tradable permits with Carbon offsets and credits, carbon credits and Subsidy, subsidies. In its simplest form, a carbon tax covers only ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carbon Offset
Carbon offsetting is a carbon trading mechanism that enables entities to compensate for offset greenhouse gas emissions by investing in projects that reduce, avoid, or remove emissions elsewhere. When an entity invests in a carbon offsetting program, it receives carbon credit or offset credit, which account for the net climate benefits that one entity brings to another. After certification by a government or independent certification body, credits can be traded between entities. One carbon credit represents a reduction, avoidance or removal of one metric tonne of carbon dioxide or its carbon dioxide-equivalent (CO2e). A variety of greenhouse gas reduction projects can qualify for offsets and credits depending on the scheme. Some include forestry projects that avoid logging and plant saplings, renewable energy projects such as wind farms, biomass energy, biogas digesters, hydroelectric dams, as well as energy efficiency projects. Further projects include carbon dioxide rem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carbon Bubble
The carbon bubble is a hypothesized bubble in the valuation of companies dependent on fossil-fuel-based energy production, resulting from future decreases in value of fossil fuel reserves as they become unusable in order to meet carbon budgets and recognition of negative externalities of carbon fuels which are not yet taken into account in a company's stock market valuation. While most campaigns to reduce the investment, production, and use of fossil fuels has been based on ethical reasons, financial analysts, economists, and financial institutions have increasingly argued in favor of doing so for financial reasons. Thus, properly pricing fossil fuels based on the carbon bubble theory would mean renewable energy would be significantly more attractive to invest in, and therefore speed up the transition towards sustainable energy. Many investors throughout the world are raising capital for fossil fuel exploration. However, as the current reserves already exceed the carbon bud ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Concrete Recycling
__FORCETOC__ Concrete recycling is the use of rubble from demolished concrete structures. Recycling is cheaper and more ecological than trucking rubble to a landfill. Crushed rubble can be used for road gravel, revetments, retaining walls, landscaping gravel, or raw material for new concrete. Large pieces can be used as bricks or slabs, or incorporated with new concrete into structures, a material called urbanite. Circular economy Concrete is an excellent material with which to make long-lasting and energy-efficient buildings. However, even with good design, human needs change and potential waste will be generated.World Business Council for Sustainable Development, " The Cement Sustainability Initiative – Recycling concrete", available online at: www.wbcsdcement.org (last access on October 5th 2021) Concrete may be considered waste according to the European Commission decision of 2014/955/EU for the List of Waste under the codes: 17 (construction and demolition wastes, includ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
