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Implementing a “climate bailout”: How to convert fossil fuel stranded assets into renewable energy ...

To comply with the 1.5°C limit agreed in Paris, a new financial instrument is required to enable energy companies to convert their de facto “stranded” fossil fuel reserves into renewable energy (RE) assets. Passing on the losses to taxpayers would be neither politically nor financially realistic. The only institutions that have the economic potential to implement a “climate bailout” are Central Banks, just as they have done in the banking crisis since 2008.

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