This paper develops methodologies to assess the ability of electric utilities to sustain the forced impairment of carbon emitting power plants and applies those methods to the European market. We present a new method to measure asset impairment, for both the company and the industry, based on a...

Environmental factors, particularly those related to climate change, are stranding or could strand assets across different sectors and geographies with significant implications for economies, companies, financial institutions, communities, and workers. In this review, we focus on physical...