(Not So) Stranded: The Case of Coal in Poland

Energies

Antonio Grginović¹  Waldemar Karpa¹ 

[1] Economics Department, Kozminski University, 03-301 Warsaw, Poland;

关键词: coal;    stranded assets;    energy transition;    climate change policy;   

DOI  :  10.3390/en14248476

来源: DOAJ

【 摘 要 】

This paper provides an evaluation of the stranding risks of coal in Poland. Combining an industrial organization and financial analysis approach, we assess the current economic situation of companies operating within the coal industry and draft forecasts for the future. Based on the global economic outlook for coal, we claim that phasing-out coal will take at least two decades, due to the slow transformation of the energy sector and increasing energy demand. The financial evaluation of coal-dependent companies revealed sound financial conditions due to favorable trends in coal prices in international markets. Therefore, instead of prioritizing a rapid phasing-out of coal, we pledge to make more technological investments that would make burning coal less harmful for the planet and thus efficiently mitigate the negative effects of climate change.

【 授权许可】

Unknown