The concept of 'Stranded Assets' in the energy transition refers to:
A. Assets that suffer unanticipated write-downs or devaluations because of climate-related risks and the shift to a low-carbon economy
B. Only newly created green assets
C. Only fully depreciated assets
D. Only financial assets unrelated to the real economy
Answer: Option A
Solution (By JKSSB Mock Tests)
Stranded assets are those that lose economic value prematurely as a result of changes associated with the energy transition, such as policy shifts, technological change or shifts in demand away from fossil fuels.
Explanation:
Education is often classified as a quasi-public (or merit) good because it is partially excludable and rivalrous but generates significant positive externalities, justifying public provision.
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