Volltext-Downloads (blau) und Frontdoor-Views (grau)

Carbon as investment risk : the influence of fossil fuel divestment on decision making at Germany's main power providers

  • 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,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.show moreshow less

Download full text files

Export metadata

Additional Services

Share in Twitter    Search Google Scholar    frontdoor_oas
Metadaten
Document Type:Peer-Reviewed Article
Author:Dagmar Kiyar, Bettina Wittneben
URN (citable link):https://nbn-resolving.org/urn:nbn:de:bsz:wup4-opus-60041
Year of Publication:2015
Language:English
Source Title (English):Energies
DOI:https://doi.org/10.3390/en8099620
Volume:8
Issue:9
First Page:9620
Last Page:9639
Release Date:2015/09/07
Division:Energie-, Verkehrs- und Klimapolitik
Dewey Decimal Classification:330 Wirtschaft
OpenAIRE:OpenAIRE
Licence:License LogoCreative Commons - Namensnennung