Ten financial actors can accelerate a transition away from fossil fuels
Environmental Innovation and Societal Transitions(2022)
Abstract
•Private Investors are vital to materialize a sustainable transition in the fossil fuel sector.•This network analysis maps the market structure of equity ownership in fossil fuel firms.•Ownership is concentrated among a small subset of influential shareholders.•Just ten financial actors can accelerate a sustainable transition in the fossil fuel industry.•This paper bridges the gap in literature on finance, supply-side policy, and climate stability.
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Key words
Capital Markets,Sustainability Transitions,Equity Ownership,Fossil Fuels,Network Analysis
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