Stranded assets a long-term risk for major fossil fuel exporters: Fitch
Stranded assets a long-term risk for major fossil fuel exporters: Fitch ANI | Updated: Feb 19, 2021 12:15 IST London [UK], February 19 (ANI): Fossil fuel exporters face a loss of GDP, government revenue and export receipts from the transition to a lower-carbon economy over the coming decades, Fitch Ratings has said in a new report. For the most-exposed sovereigns and those that do not adequately prepare for it, climate change stranded-asset risk is likely to lead to rating downgrades as the effects become clearer, closer and more material. The extent and ...
Source: aninews.in