TY  - JOUR
U1  - Zeitschriftenartikel, wissenschaftlich - begutachtet (reviewed)
A1  - Kiyar, Dagmar
A1  - Wittneben, Bettina
T1  - Carbon as investment risk : the influence of fossil fuel divestment on decision making at Germany's main power providers
N2  - German electricity giants have recently taken high-level decisions to remove selected fossil fuel operations from their company portfolio. This new corporate strategy could be seen as a direct response to the growing global influence of the fossil fuel divestment campaign. In this paper we ask whether the divestment movement currently exerts significant influence on decision-making at the top four German energy giants - E.On, RWE, Vattenfall and EnBW. We find that this is not yet the case. After describing the trajectory of the global fossil fuel divestment campaign, we outline four alternative influences on corporate strategy that, currently, are having a greater impact than the divestment movement on Germany's power sector. In time, however, clear political decisions and strong civil support may increase the significance of climate change concerns in the strategic management of the German electricity giants.
T2  - Energies
VL  - 8
Y1  - 2015
UN  - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:bsz:wup4-opus-60041
U6  - https://dx.doi.org/10.3390/en8099620
DO  - https://dx.doi.org/10.3390/en8099620
IS  - 9
SP  - 9620
EP  - 9639
ER  -