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These minimize the need for the most capital intensive assets of a fully decarbonized energy economy: low carbon power plants and batteries.
The move came just days after the University of Southampton reportedly joined the growing number of academic bodies announcing plans to reduce their exposure to carbon intensive assets and step up investment in green businesses.
The WWF/ANU report contends that Australia is well placed to make an orderly and low-cost transition to decarbonisation if the government can send clear and predictable policy and regulatory signals to the market, and resist special pleading from the owners of carbon intensive assets.
But this is now changing, with growing recognition that the financial system suffers from an array of market failures – short-termism, misaligned incentives, inadequate transparency and ill-defined responsibilities – which entrench the allocation of capital towards resource and carbon intensive assets.
Here, attention is focusing on how to improve the sensitivity of the financial system's antennae to the risks of pollution intensive assets.
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The deepest such change is the rise of intangible but talent-intensive assets.
But they say the Skilling team wanted to get out of capital-intensive assets as quickly as possible.
And the emergence of outsourcing and virtual businesses means that capital-intensive assets can be acquired through alliances or contracts.
Production managers first came into existence not as architects of competitive systems but as custodians of large, capital-intensive assets.
Constraints on capital mean that it is natural for banks to re-examine their ownership of illiquid, capital-intensive assets.
The Trump Administration's infrastructure plan would not be the first tax credit program to spur development and construction of large capital-intensive assets.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com