Stranded assets - Revision history

Designing Buildings at 08:58, 30 May 2024

2024-05-30T08:58:30Z

← Older revision		Revision as of 08:58, 30 May 2024
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	[https://www.ipcc.ch/sr15/ Global Warming of 1.5 ºC, Glossary], published by the Intergovernmental Panel on Climate Change (IPCC) in 2018, defines stranded assets as: ‘Assets exposed to devaluations or conversion to ‘liabilities’ because of unanticipated changes in their initially expected revenues due to innovations and/or evolutions of the business context, including changes in public regulations at the domestic and international levels.’		[https://www.ipcc.ch/sr15/ Global Warming of 1.5 ºC, Glossary], published by the Intergovernmental Panel on Climate Change (IPCC) in 2018, defines stranded assets as: ‘Assets exposed to devaluations or conversion to ‘liabilities’ because of unanticipated changes in their initially expected revenues due to innovations and/or evolutions of the business context, including changes in public regulations at the domestic and international levels.’
		+
		+	In the context of the Building Safety Act, "stranded assets" refer to buildings or properties that have become economically or functionally obsolete or unviable due to safety concerns or regulatory changes related to building safety. The term typically applies to properties that are affected by new safety regulations or requirements introduced by the Building Safety Act or other legislation aimed at improving building safety standards.
		+
		+	Stranded assets represent a significant challenge in the context of the Building Safety Act, requiring coordinated efforts from government, industry stakeholders, and affected parties to address safety concerns, mitigate financial risks, and safeguard the interests of building occupants and the wider community.

	= Related articles on Designing Buildings =		= Related articles on Designing Buildings =
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	* Carbon Tracker Initiative, [https://carbontracker.org/terms/stranded-assets/ Stranded Assets].		* Carbon Tracker Initiative, [https://carbontracker.org/terms/stranded-assets/ Stranded Assets].

−	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Definitions]] [[Category:Policy]] [[Category:Sustainability]] [[Category:Cost_/_business_planning]] [[Category:Property_development]] [[Category:Circular_economy]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Definitions]] [[Category:Building_safety]] [[Category:Policy]] [[Category:Sustainability]] [[Category:Cost_/_business_planning]] [[Category:Property_development]] [[Category:Circular_economy]]

Designing Buildings at 06:30, 15 September 2022

2022-09-15T06:30:08Z

← Older revision		Revision as of 06:30, 15 September 2022
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	NB [https://www.ukgbc.org/ukgbc-work/commercial-retrofit-key-considerations/ Delivering Net Zero: Key Considerations for Commercial Retrofit], published by the UK Green Building Council on 4 May 2022, defines stranded assets as: ‘assets that have suffered from unanticipated or premature write-downs, devaluation or conversion to liabilities. In recent years, the issue of stranded assets caused by environmental factors, such as climate change and society’s attitudes towards it, has become increasingly high profile.’ Ref LLoyd’s (2017), Stranded Assets: the transition to a low carbon economy, Overview for the insurance industry.		NB [https://www.ukgbc.org/ukgbc-work/commercial-retrofit-key-considerations/ Delivering Net Zero: Key Considerations for Commercial Retrofit], published by the UK Green Building Council on 4 May 2022, defines stranded assets as: ‘assets that have suffered from unanticipated or premature write-downs, devaluation or conversion to liabilities. In recent years, the issue of stranded assets caused by environmental factors, such as climate change and society’s attitudes towards it, has become increasingly high profile.’ Ref LLoyd’s (2017), Stranded Assets: the transition to a low carbon economy, Overview for the insurance industry.
		+
		+	[https://www.ipcc.ch/sr15/ Global Warming of 1.5 ºC, Glossary], published by the Intergovernmental Panel on Climate Change (IPCC) in 2018, defines stranded assets as: ‘Assets exposed to devaluations or conversion to ‘liabilities’ because of unanticipated changes in their initially expected revenues due to innovations and/or evolutions of the business context, including changes in public regulations at the domestic and international levels.’

	= Related articles on Designing Buildings =		= Related articles on Designing Buildings =

Designing Buildings at 07:41, 8 June 2022

2022-06-08T07:41:45Z

← Older revision		Revision as of 07:41, 8 June 2022
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	In the context of the circular economy, stranded assets could be those assets that are most at risk of becoming stranded through the energy transition as society looks to restrict global warming. These assets do not fit into the circular economy, since it may be too costly to preserve them in a manner that is environmentally sensitive.		In the context of the circular economy, stranded assets could be those assets that are most at risk of becoming stranded through the energy transition as society looks to restrict global warming. These assets do not fit into the circular economy, since it may be too costly to preserve them in a manner that is environmentally sensitive.

−	NB [https://www.ukgbc.org/ukgbc-work/commercial-retrofit-key-considerations/ Delivering Net Zero: Key Considerations for Commercial Retrofit], published by the UK Green Building Council on 4 May 2022, defines stranded assets as: ‘assets that have suffered from unanticipated or premature write-downs, devaluation or conversion to liabilities. In recent years, the issue of stranded assets caused by environmental factors, such as climate change and society’s attitudes towards it, has become increasingly high ~~profile17~~.’ Ref LLoyd’s (2017), Stranded Assets: the transition to a low carbon economy, Overview for the insurance industry.	+	NB [https://www.ukgbc.org/ukgbc-work/commercial-retrofit-key-considerations/ Delivering Net Zero: Key Considerations for Commercial Retrofit], published by the UK Green Building Council on 4 May 2022, defines stranded assets as: ‘assets that have suffered from unanticipated or premature write-downs, devaluation or conversion to liabilities. In recent years, the issue of stranded assets caused by environmental factors, such as climate change and society’s attitudes towards it, has become increasingly high profile.’ Ref LLoyd’s (2017), Stranded Assets: the transition to a low carbon economy, Overview for the insurance industry.

	= Related articles on Designing Buildings =		= Related articles on Designing Buildings =

Designing Buildings at 07:40, 8 June 2022

2022-06-08T07:40:31Z

← Older revision		Revision as of 07:40, 8 June 2022
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	In the context of the circular economy, stranded assets could be those assets that are most at risk of becoming stranded through the energy transition as society looks to restrict global warming. These assets do not fit into the circular economy, since it may be too costly to preserve them in a manner that is environmentally sensitive.		In the context of the circular economy, stranded assets could be those assets that are most at risk of becoming stranded through the energy transition as society looks to restrict global warming. These assets do not fit into the circular economy, since it may be too costly to preserve them in a manner that is environmentally sensitive.
		+
		+	NB [https://www.ukgbc.org/ukgbc-work/commercial-retrofit-key-considerations/ Delivering Net Zero: Key Considerations for Commercial Retrofit], published by the UK Green Building Council on 4 May 2022, defines stranded assets as: ‘assets that have suffered from unanticipated or premature write-downs, devaluation or conversion to liabilities. In recent years, the issue of stranded assets caused by environmental factors, such as climate change and society’s attitudes towards it, has become increasingly high profile17.’ Ref LLoyd’s (2017), Stranded Assets: the transition to a low carbon economy, Overview for the insurance industry.

	= Related articles on Designing Buildings =		= Related articles on Designing Buildings =

Editor at 18:13, 10 February 2022

2022-02-10T18:13:07Z

← Older revision		Revision as of 18:13, 10 February 2022
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	In the context of the circular economy, stranded assets could be those assets that are most at risk of becoming stranded through the energy transition as society looks to restrict global warming. These assets do not fit into the circular economy, since it may be too costly to preserve them in a manner that is environmentally sensitive.		In the context of the circular economy, stranded assets could be those assets that are most at risk of becoming stranded through the energy transition as society looks to restrict global warming. These assets do not fit into the circular economy, since it may be too costly to preserve them in a manner that is environmentally sensitive.

−	= Related articles =	+	= Related articles on Designing Buildings =

	* Assets		* Assets
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	* Climate change science.		* Climate change science.
	* Green supply chain management.		* Green supply chain management.
		+	* Long-term investment scenarios LTIS.
	* Resources in the construction industry.		* Resources in the construction industry.
	* The business case for adapting buildings to climate change.		* The business case for adapting buildings to climate change.
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	* Carbon Tracker Initiative, [https://carbontracker.org/terms/stranded-assets/ Stranded Assets].		* Carbon Tracker Initiative, [https://carbontracker.org/terms/stranded-assets/ Stranded Assets].

−	[[Category:DCN_Definition]] [[Category:DCN_Guidance~~]] [[Category:Circular_economy~~]] [[Category:Definitions]] [[Category:Policy]] [[Category:Sustainability]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Definitions]] [[Category:Policy]] [[Category:Sustainability]] [[Category:Cost_/_business_planning]] [[Category:Property_development]] [[Category:Circular_economy]]

Designing Buildings at 07:51, 3 October 2021

2021-10-03T07:51:39Z

← Older revision		Revision as of 07:51, 3 October 2021
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−	~~= Introduction =~~	+	The built environment is very complex with multiple stakeholders, long lead times, massive investments and capital risks. One of the key challenges that can be foreseen in adopting a circular economy is the creation of stranded assets.

−	The built environment sector is very complex with multiple stakeholders, long lead times, massive investments and capital risks. One of the key challenges that can be foreseen in adopting a circular economy is the creation of stranded assets. An asset is an ‘…item, thing or entity that has potential or actual value to an organisation’.	+	An asset is an ‘…item, thing or entity that has potential or actual value to an organisation’. Stranded assets are items, things or entities that have suffered from unanticipated or premature write-downs, devaluation or conversion to liabilities, whether that is due to changes in market forces, disruptive innovation, societal norms, environmental parameters or some other unforeseen factor.

−	~~= Definition =~~	+	The related term, stranded resources, describes resources (rather than assets) that are considered uneconomic for the same reasons as stranded assets. A resource is a source or supply of assets that can be drawn on by a person or organisation and from which a benefit is derived.

−	~~Stranded~~ assets ~~are items~~, ~~things or entities that~~ have ~~suffered from unanticipated or premature write-downs~~, ~~devaluation or conversion to liabilities, whether that is due to changes in market forces, disruptive innovation, societal norms, environmental parameters or some other unforeseen factor.~~	+	According to the [https://carbontracker.org/terms/stranded-assets/ Carbon Tracker Initiative], stranded assets have been interpreted as encompassing a range of different factors, including:

−	The related term, stranded resources, is used to describe resources (rather than assets) that are considered uneconomic for the same reasons as stranded assets. A resource is a source or supply of assets that can be drawn on by a person or organisation and from which a benefit is derived.	+	* Changes in policy or legislation resulting in regulatory stranding.
−		+
−	~~= Possible causes =~~	+
−		+
−	According to the [https://carbontracker.org/terms/stranded-assets/ Carbon Tracker Initiative], stranded assets have been interpreted as encompassing a range of different factors. The most common include:	+
−		+
−	* Changes in policy of legislation resulting in regulatory stranding.	+
	* Changes in relative costs/prices resulting in economic stranding.		* Changes in relative costs/prices resulting in economic stranding.
−	* Changes ~~due~~ distance/flood/drought resulting in physical stranding.	+	* Changes in distance/flood/drought resulting in physical stranding.

	With the adoption of the Sustainable Development Goals (SDGs) and the Paris Agreement, the issue of climate change has been raised in relation to sustainable economic development and stranded assets.		With the adoption of the Sustainable Development Goals (SDGs) and the Paris Agreement, the issue of climate change has been raised in relation to sustainable economic development and stranded assets.

Editor at 19:38, 1 October 2021

2021-10-01T19:38:50Z

← Older revision		Revision as of 19:38, 1 October 2021
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	= Introduction =		= Introduction =

−	The built environment sector is very complex with multiple stakeholders, long lead times, massive investments and capital risks. One of the key challenges that can be foreseen in adopting a circular economy is the creation of stranded assets. An asset is an ‘…item, thing or entity that has potential or actual value to an organisation’	+	The built environment sector is very complex with multiple stakeholders, long lead times, massive investments and capital risks. One of the key challenges that can be foreseen in adopting a circular economy is the creation of stranded assets. An asset is an ‘…item, thing or entity that has potential or actual value to an organisation’.

	= Definition =		= Definition =

−	Stranded assets are items, things, or entities that have suffered from unanticipated or premature write-downs, devaluation or conversion to liabilities, whether that is due to changes in market forces, disruptive innovation, societal norms or environmental parameters.	+	Stranded assets are items, things or entities that have suffered from unanticipated or premature write-downs, devaluation or conversion to liabilities, whether that is due to changes in market forces, disruptive innovation, societal norms, environmental parameters or some other unforeseen factor.

	The related term, stranded resources, is used to describe resources (rather than assets) that are considered uneconomic for the same reasons as stranded assets. A resource is a source or supply of assets that can be drawn on by a person or organisation and from which a benefit is derived.		The related term, stranded resources, is used to describe resources (rather than assets) that are considered uneconomic for the same reasons as stranded assets. A resource is a source or supply of assets that can be drawn on by a person or organisation and from which a benefit is derived.
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	= Possible causes =		= Possible causes =

−	According to Carbon Tracker, stranded assets have been interpreted as encompassing a range of different factors. The most common include:	+	According to the [https://carbontracker.org/terms/stranded-assets/ Carbon Tracker Initiative], stranded assets have been interpreted as encompassing a range of different factors. The most common include:

	* Changes in policy of legislation resulting in regulatory stranding.		* Changes in policy of legislation resulting in regulatory stranding.
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	* The business case for adapting buildings to climate change.		* The business case for adapting buildings to climate change.
	* UN Sustainable Development Goals.		* UN Sustainable Development Goals.
		+
		+	= External resources =
		+
		+	* Carbon Tracker Initiative, [https://carbontracker.org/terms/stranded-assets/ Stranded Assets].

	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Circular_economy]] [[Category:Definitions]] [[Category:Policy]] [[Category:Sustainability]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]		[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Circular_economy]] [[Category:Definitions]] [[Category:Policy]] [[Category:Sustainability]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]

Editor at 19:31, 1 October 2021

2021-10-01T19:31:56Z

← Older revision		Revision as of 19:31, 1 October 2021
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	The built environment sector is very complex with multiple stakeholders, long lead times, massive investments and capital risks. One of the key challenges that can be foreseen in adopting a circular economy is the creation of stranded assets. An asset is an ‘…item, thing or entity that has potential or actual value to an organisation’		The built environment sector is very complex with multiple stakeholders, long lead times, massive investments and capital risks. One of the key challenges that can be foreseen in adopting a circular economy is the creation of stranded assets. An asset is an ‘…item, thing or entity that has potential or actual value to an organisation’
		+
		+	= Definition =

	Stranded assets are items, things, or entities that have suffered from unanticipated or premature write-downs, devaluation or conversion to liabilities, whether that is due to changes in market forces, disruptive innovation, societal norms or environmental parameters.		Stranded assets are items, things, or entities that have suffered from unanticipated or premature write-downs, devaluation or conversion to liabilities, whether that is due to changes in market forces, disruptive innovation, societal norms or environmental parameters.

Editor: Created page with "= Introduction = The built environment sector is very complex with multiple stakeholders, long lead times, massive investments and capital risks. One of the key challenges that ..."

2021-10-01T19:30:10Z

Created page with "= Introduction = The built environment sector is very complex with multiple stakeholders, long lead times, massive investments and capital risks. One of the key challenges that ..."

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= Introduction =

The built environment sector is very complex with multiple stakeholders, long lead times, massive investments and capital risks. One of the key challenges that can be foreseen in adopting a circular economy is the creation of stranded assets. An asset is an ‘…item, thing or entity that has potential or actual value to an organisation’

Stranded assets are items, things, or entities that have suffered from unanticipated or premature write-downs, devaluation or conversion to liabilities, whether that is due to changes in market forces, disruptive innovation, societal norms or environmental parameters.

The related term, stranded resources, is used to describe resources (rather than assets) that are considered uneconomic for the same reasons as stranded assets. A resource is a source or supply of assets that can be drawn on by a person or organisation and from which a benefit is derived.

= Possible causes =

According to Carbon Tracker, stranded assets have been interpreted as encompassing a range of different factors. The most common include:

* Changes in policy of legislation resulting in regulatory stranding.
* Changes in relative costs/prices resulting in economic stranding.
* Changes due distance/flood/drought resulting in physical stranding.

With the adoption of the Sustainable Development Goals (SDGs) and the Paris Agreement, the issue of climate change has been raised in relation to sustainable economic development and stranded assets.

In the context of the circular economy, stranded assets could be those assets that are most at risk of becoming stranded through the energy transition as society looks to restrict global warming. These assets do not fit into the circular economy, since it may be too costly to preserve them in a manner that is environmentally sensitive.

= Related articles =

* Assets
* Circular economy in the built environment.
* Climate change science.
* Green supply chain management.
* Resources in the construction industry.
* The business case for adapting buildings to climate change.
* UN Sustainable Development Goals.

[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Circular_economy]] [[Category:Definitions]] [[Category:Policy]] [[Category:Sustainability]] [[Category:Cost_/_business_planning]] [[Category:Property_development]]