Frederick "Rick" van der Ploeg (born 28 April 1956, in

Rotterdam Rotterdam ( , , , lit. ''The Dam on the River Rotte'') is the second largest city and municipality in the Netherlands. It is in the province of South Holland, part of the North Sea mouth of the Rhine–Meuse–Scheldt delta, via the ''"N ...

) is a Dutch economist and former politician.

Career

After having obtained his PhD at the

University of Cambridge , mottoeng = Literal: From here, light and sacred draughts. Non literal: From this place, we gain enlightenment and precious knowledge. , established = , other_name = The Chancellor, Masters and Schola ...

, he held professorships in economics at the

University of Amsterdam The University of Amsterdam (abbreviated as UvA, nl, Universiteit van Amsterdam) is a public research university located in Amsterdam, Netherlands. The UvA is one of two large, publicly funded research universities in the city, the other being ...

Tilburg University Tilburg University is a public university, public research university specializing in the social and behavioral sciences, economics, law, business sciences, theology and humanities, located in Tilburg in the southern part of the Netherlands. Tilb ...

, and the

London School of Economics , mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 millio ...

. After having served as an MP for the

Dutch Labour Party The Labour Party ( nl, Partij van de Arbeid, , abbreviated as ''PvdA'', or ''P van de A'', ) is a social-democratic political party in the Netherlands. The party was founded in 1946 as a merger of the Social Democratic Workers' Party, the Free ...

(PvdA) from

1994 File:1994 Events Collage.png, From left, clockwise: The 1994 Winter Olympics are held in Lillehammer, Norway; The Kaiser Permanente building after the 1994 Northridge earthquake; A model of the MS Estonia, which Sinking of the MS Estonia, sank in ...

until

1998 1998 was designated as the ''International Year of the Ocean''. Events January * January 6 – The '' Lunar Prospector'' spacecraft is launched into orbit around the Moon, and later finds evidence for frozen water, in soil in permanently ...

, he became State Secretary for Culture and Media in the

government A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...

Wim Kok Willem "Wim" Kok (; 29 September 1938 – 20 October 2018) was a Dutch politician and trade union leader who served as Prime Minister of the Netherlands from 22 August 1994 until 22 July 2002.University of Oxford , mottoeng = The Lord is my light , established = , endowment = £6.1 billion (including colleges) (2019) , budget = £2.145 billion (2019–20) , chancellor ...

and the

VU University Amsterdam The Vrije Universiteit Amsterdam (abbreviated as ''VU Amsterdam'' or simply ''VU'' when in context) is a public research university in Amsterdam, Netherlands, being founded in 1880. The VU Amsterdam is one of two large, publicly funded research ...

, and the research director at the Oxford Centre for the Analysis of Resource Rich Economies. In 2010 he became a correspondent of the

Royal Netherlands Academy of Arts and Sciences The Royal Netherlands Academy of Arts and Sciences ( nl, Koninklijke Nederlandse Akademie van Wetenschappen, abbreviated: KNAW) is an organization dedicated to the advancement of science and literature in the Netherlands. The academy is housed ...

. Van der Ploeg's studies the potential impact of

climate change In common usage, climate change describes global warming—the ongoing increase in global average temperature—and its effects on Earth's climate system. Climate change in a broader sense also includes previous long-term changes to E ...

on the economy. To meet proposed carbon emissions reductions, and prevent temperature increases beyond 2 degrees, up to one-third of global oil reserves, half of gas reserves and 80 percent of coal reserves will have to remain unburned, making them

stranded assets 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 destructi ...

. This will affect oil, gas, and coal companies, and "carbon-intensive industries such as steel, aluminum, cement, plastics, and greenhouse horticulture". Van der Ploeg emphasizes the need for investors to be aware of climate-related financial risk and take them into account for long-term planning.

Other activities

* Max Planck Institute for Tax Law and Public Finance, member of the board of trusteesBoard of Trustees
Max Planck Institute for Tax Law and Public Finance.

References

External links

Profile
at the Oxford University Department of Economics {{DEFAULTSORT:Ploeg, Rick van der 1956 births Living people Dutch economists State Secretaries for Education of the Netherlands Academic staff of the University of Amsterdam Academic staff of Tilburg University Statutory Professors of the University of Oxford Members of the House of Representatives (Netherlands) Members of the Royal Netherlands Academy of Arts and Sciences Labour Party (Netherlands) politicians Alumni of King's College, Cambridge Fellows of New College, Oxford Politicians from Rotterdam Academic staff of Vrije Universiteit Amsterdam Fellows of the European Economic Association