Related to the defunding of large fossil fuel companies, we find that the value of total assets pledged for divestment in a given country is negatively associated with capital flows to domestic oil and gas companies, particularly when divestment is led by NGOs. A more stringent environmental policy regime enhances the effectiveness of divestment commitments in reducing fossil fuel financing whereas a more generous fossil fuel subsidy regime undermines fossil fuel divestment efforts.
These findings are relevant for policymakers looking to design sustainable finance and low carbon investing policies as well as for entrepreneurs, NGOs and companies impacted by the low carbon transition.
Addressing target audiences and expressing needs
- To raise awareness and possibly influence policy
We also target the following audiences:
- International organisations seeking to raise awareness and possibly influence policy
- Public or private funding institutions seeking grants and subsidies, loans and loan guarantees
- Research and technology organisations seeking collaboration
- Academia/Universities seeking the use of research infrastructure, collaboration and fellowship to advance research
- Private investors seeking venture capital and other type of investment
- EU and Member State Policy-makers
Result submitted to Horizon Results Platform by AN TUDARAS UM ARD OIDEACHAS
