Committed Emissions from Existing and Planned Power Plants and Asset Stranding Required to Meet the Paris Agreement

Abstract

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Cross-border investment into low-carbon infrastructure

“…Due to missing values, equity investment are estimated for a portion of these transaction. To estimate the unobserved equity value, first a regression is run using information about investors and asset 19 . Next, gearing ratios 20 are applied to arrive at equity portions of deals, and percentage stakes acquired by investors are applied to arrive at the absolute value of direct institutional equity investment.…”

“…This position of the only19 YieldCos included in the underlying dataset of Figure4.7 would be even more pronounced if all assets could be traced to their asset country rather than having to attribute the headquarter country of the YieldCo instead 18. Further granularity of the data would allow to track to what extent assets held by electric and multiline utilities can be classified as low-carbon and would thus add to low-carbon cross-border holdings 19. Information included in the regression underlying the prediction are country of origin of the investor, the investor type as well as the country, year and industry of the investment 20.…”