https://www.sciencedaily.com/releases/2023/06/230622120833.htm

"There's this big question of who's winning and who is losing from the transition and from climate change in general," says co-first author Lucas Chancel, an Economics professor at Sciences Po in Paris. "Even though our results are simple, they were not present in research or public debates before. This work is one step forward in understanding the winners and losers from the point of view of the assets that might be at risk in this transition."

This project started when Chancel read a paper from Gregor Semieniuk, an Economics professor from the University of Massachusetts Amherst, that estimated the total amount of assets that would be lost, or "stranded," if ambitious climate policies caused fossil fuel production to quickly decline. After Chancel reached out, the two economists joined forces to estimate the wealth distribution of people who own these assets.