Potential financial losses from a renewable energy transition are concentrated among the wealthy

One common rationale against climate action is that the resulting fossil fuel investment losses could impact people's retirement or long-term savings. However, researchers report that the loss of fossil fuel assets would have a minimal impact on the general populace. In high-income countries, most financial losses would be borne by the most affluent individuals for whom the loss makes up a small percentage of their total wealth. In contrast, the financial loss of lower-income individuals would be minimal and feasible for governments to compensate.

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