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Accounting for the Enormous Potential Lost Financial Value of Fossil Fuel Physical Assets (Background Paper)

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.

Task Force: National Green Governance System Topic: Sustainable Finance Year: 2024 Phase: Phase VII (2022-2027) Active

Accounting for the Enormous Potential Lost Financial Value of Fossil Fuel Physical Assets (Background Paper)

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