By John Ganzi, Managing Director, Climate Change Risk Management Institute
This CCICED Background Note examines climate-related stranded assets, including how current financial and management accounting standards and practices might cover some aspects of stranded assets through rules like asset deprecation and asset impairment. The note also explores gaps in current standards and recent relevant trends. The note has been prepared as a background technical paper in support of CCICED’s work ahead of the 2024 Annual General Meeting.
Document Type: Background Note Year: 2024 Phase: Phase VII (2022-2027)2024 CCICED Background Note: Accounting for the Enormous Potential Lost Financial Value of Fossil Fuel Physical Assets