Stranded-Assets-and-Credit-Default-Risk-in-Chinas-Coal-Power-Transition.pdf

November2022 StrandedAssetsand CreditDefaultRisk in China's Coal power transition Yanhua Wang Renmin University of China Ke Wang Renmin University of China Junling Liu Harbin Institute of Technology (Shenzhen) Tiantian Wang Renmin University of China Qingwen Yang Renmin University of China Shilong Zhuang Renmin University of China ENERGY FOUNDATION 能源基金会
November2022 StrandedAssetsand CreditDefaultRisk in China's Coal power transition Yanhua Wang Renmin University of China Ke Wang Renmin University of China Junling Liu Harbin Institute of Technology (Shenzhen) Tiantian Wang Renmin University of China Qingwen Yang Renmin University of China Shilong Zhuang Renmin University of China ENERGY FOUNDATION 能源基金会
DISCLAIMER Unless otherwise specified the views expressed in this report are those of the authors and do not necessarily represent the views of Energy Foundation China. Energy Foundation China does not guarantee the accuracy of the information and data included in this report and will not be responsible for any liabilities resulted from or related to using this report by any third party. The mention of specific panies products and services does not imply that they are endorsed or remended by Energy Foundation China in preference to others of a similar nature that are not mentioned. COPYRIGHTNOTICE This manuscript has been authored by Programme of Energy and Climate Economics (PECE) at Renmin University of China. Suggested citation: Yanhua Wang Ke Wang Junling Liu et al. “Stranded Assets and Credit Beijing China.
ACKNOWLEDGMENTS This work was supported by Energy Foundlation China. NAME:Ke Wang E-mail: wangkert@.cn
Energy Foundation China TABLEOFCONTENTS LIST OFFIGURES. 5 LISTOFACRONYMS. 6 Executive summary.... 7 1. Introduction.... 12 2. Modeling Approach. .14 2.1 Financial accounting framework of coal-fired unit level. 14 2.2 Stranded asset assessment of low-carbon transition of coal power.. 16 2.3 Coal and electricity credlit default risk assessment. .18 2.4 Scenario setting of coal power industry transition. .19 2.5 Data Sources. .20 3. Stranded asset risk of coal power's low-carbon transition. ..21 4. Credit risk of coal power's low-carbon transition.. .25 5. Conclusions and policy remendation.. .30 5.1 Conclusions... ..30 5.2 Policy Implications. ..31 References..