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Volume 8 Issue 7, July 2018

Stranded assets

Current fossil fuel investment trends are inconsistent with the diffusion of low carbon technology, energy efficiency improvements and climate policies, which may ultimately reduce global demand for fossil fuels. Stranded fossil fuel assets could lead to a discounted global wealth loss of US$1–4 trillion, with the negative impact for producer countries amplified by climate mitigation policies of consumer countries.

See Mercure et al.

Image: RJH_COMMON / Alamy Stock Photo. Cover Design: Tulsi Voralia.

Editorial

  • The high points of collective ambition and achievement reached in Paris need nurturing to ensure results. Maintaining momentum in climate action requires investment and ongoing commitment from all actors.

    Editorial

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Comment

  • The atmospheric concentration of CO2 at the time of passing 1.5 °C or 2 °C is unknown due to uncertainties in climate sensitivity and the concentrations of other GHGs. Impacts studies must account for a wide range of concentrations to avoid either over- or underestimating changes in crop yields and land and marine biodiversity.

    • Richard A. Betts
    • Doug McNeall
    Comment
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Books & Arts

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Feature

  • A global effort is underway to restore more than 350 million hectares of deforested and degraded land by bringing together reforestation commitments under the Bonn Challenge. Molly Hawes investigates the benefits and complexities of returning land to forest.

    • Molly Hawes
    Feature
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Research Highlights

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News & Views

  • The race against time to mitigate climate change has increasingly focused on the development and deployment of bioenergy with carbon capture and storage. New research shows that negative-emissions hydrogen production is potentially a cost-effective alternative.

    • Jinyue Yan
    News & Views
  • Floods are one of the most devastating disasters and their intensity and severity is expected to increase in the future. New research shows how regional floods can cause global impacts through propagation within the global trade and supply network.

    • Elco Koks
    News & Views
  • Plant transpiration is the largest continental water flux. Research now shows that climate and water availability projections are highly sensitive to the ways that plant responses to changing atmospheric conditions are represented.

    • Scott Jasechko
    News & Views
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Perspectives

  • Action needs to be taken to limit the impacts of climate change, however, human rights and the right to development need to be preserved. This Perspective weighs the risks of action and inaction on achieving a just transition to a low-carbon world.

    • Mary Robinson
    • Tara Shine

    Collection:

    Perspective
  • This Perspective provides a comparative analysis of how well six cities and regions with different coastal and social characteristics and adaptation constraints will be able to adapt to sea-level rise, considering technological, economic, financial, and social factors.

    • Jochen Hinkel
    • Jeroen C. J. H. Aerts
    • Kwasi Appeaning Addo
    Perspective
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Letters

  • New fossil fuel investments may become stranded if demand for fossil fuel declines due to technological change. This could amount to a discounted global wealth loss of US$1–4 trillion, with the negative impact for producer countries amplified by climate mitigation policies of consumer countries.

    • J.-F. Mercure
    • H. Pollitt
    • F. Knobloch
    Letter
  • Economic losses due to river floods are expected to increase globally in the next 20 years. Direct local losses and indirect losses propagated through a global supply network are derived.

    • Sven Norman Willner
    • Christian Otto
    • Anders Levermann
    Letter
  • Projections of Arctic sea-ice loss vary significantly between global circulation models. Analysis of the CMIP5 ensemble reveals that these differences can be related to background ice thickness and corresponding growth/melt processes, and not variations in the sea-ice model used.

    • François Massonnet
    • Martin Vancoppenolle
    • Edward Blanchard-Wrigglesworth
    Letter
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Articles

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