Post by INEQ – Research Institute Economics of Inequality (WU Vienna)

🌡️ Germany, France, Austria: temperatures above 40°C in many places - and over 10 consecutive days above 30°C. #Heatwaves like this are no longer exceptions – they are part of the new climate reality. While we are all exposed to this warming (even if some can shield themselves better than others), only a relatively small group holds substantial power over the investment, production, and transition decisions that shape these #emissions.   Together with colleagues from the AK Wien, we study how emissions are distributed not only across countries or consumers, but also through ownership and capital structures.  👉 Our main finding: those who own capital in carbon-intensive sectors not only shape production decisions, but are also strongly exposed to transition risks themselves, as their investments risk becoming "stranded assets" that lose profitability and value as the economy shifts.   ❗This shifts how we think about climate policy: #Decarbonisation is not only a technological challenge, but also a deeply political question of distribution and power. 📊 Project overview (paper in German): https://lnkd.in/dvEK9Xfe  👥 Project team: Emanuel List, Judith Derndorfer, Eva Six, Nicolas Prinz