{"id":758635,"date":"2023-06-22T11:00:11","date_gmt":"2023-06-22T15:00:11","guid":{"rendered":"http:\/\/spaceweekly.com\/?p=758635"},"modified":"2023-06-22T11:00:11","modified_gmt":"2023-06-22T15:00:11","slug":"potential-financial-losses-from-a-renewable-energy-transition-are-concentrated-among-the-wealthy-study-finds","status":"publish","type":"post","link":"https:\/\/spaceweekly.com\/?p=758635","title":{"rendered":"Potential financial losses from a renewable energy transition are concentrated among the wealthy, study finds"},"content":{"rendered":"<p>One common rationale against climate action is that the resulting fossil fuel investment losses could impact people&#8217;s retirement or long-term savings. However, researchers report in the journal Joule on June 22 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.&#013;<br \/>\n&#013;<br \/>\n&#013;<br \/>\n Click here for original story, <a href=\"https:\/\/phys.org\/news\/2023-06-potential-financial-losses-renewable-energy.html\" target=\"_blank\" rel=\"nofollow noopener\">Potential financial losses from a renewable energy transition are concentrated among the wealthy, study finds<\/a>&#013;<br \/>\n&#013;<br \/>\n&#013;<br \/>\nSource: Phys.org&#013;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One common rationale against climate action is that the resulting fossil fuel investment losses could impact people&#8217;s retirement or long-term savings. However, researchers report in the journal Joule on June&hellip; <\/p>\n","protected":false},"author":1,"featured_media":615444,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"class_list":["post-758635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-phys-org"],"_links":{"self":[{"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/posts\/758635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=758635"}],"version-history":[{"count":0,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/posts\/758635\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=\/wp\/v2\/media\/615444"}],"wp:attachment":[{"href":"https:\/\/spaceweekly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=758635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=758635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/spaceweekly.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=758635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}