Oxford University is to launch a research programme to help businesses and policy-makers future proof investments in assets that might become "stranded". Stranded assets are devalued or written off because they have been supplanted by greener alternatives or technological innovations, or are operating in sectors experiencing change due to new regulations or resource constraints. Oxford says asset stranding is little understood, but the implications are potentially very significant for polluting investments. The programme researchers, based at Oxford's Smith School of Enterprise and the Environment, aim to find out which assets and sectors are most at risk and evaluate how investors, businesses and policy makers can best respond to the challenges. Lord Deben, chairman of the Committee on Climate Change, says businesses and policy makers have to adapt to the new economic landscape.
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