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Governments have failed to act at the scale and pace necessary to avert the climate crisis. This paper explores one key constraint on global action to combat climate change: resistance mounted by the fossil fuel industry. The economic losses that the fossil fuel industry is likely to incur as a result of climate stabilization include stranded assets and reduced profits. Using a methodology that emulates the expectations and valuation procedures used by fossil fuel firms, I estimate the magnitude and distribution of wealth losses from stranded assets for the upstream fossil fuel industry (i.e., firms and governments involved in fossil fuel extraction) under 1.8 °C and 1.5 °C climate stabilization scenarios. I also explore the timing of expected future profit losses and compare historical profit margins between fossil fuel and renewable energy firms. Results show that fossil fuel reserves will suffer a devaluation of 37%–50%, amounting to $13-$17 trillion. This implies a strong incentive for fossil fuel producers to continue resisting climate stabilization. Over half (51%–63%) of the reserve devaluation stems not from fuels left in the ground but from price decreases for fuels that will still be extracted and sold during climate stabilization, indicating that even low-cost producers stand to bear large losses. Three-quarters of stranded assets belong to governments, implying formidable political obstacles in nations with nationalized fossil fuel ownership. The profitability analysis reinforces these findings. My results point to strategic demand reduction of fossil fuels as a key strategy for overcoming industry resistance. • Estimates stranded fossil fuel assets in 1.5 °C and 1.8 °C scenarios. • Fossil fuel reserves suffer a devaluation of $13-$17 trillion (37%–50%). • Most stranded assets stem from fuels still produced during climate stabilization. • Three-quarters of stranded assets belong to governments. • Fossil fuels remain significantly more profitable than renewable energy. [ABSTRACT FROM AUTHOR]

The current editorial summarized some of the scientific works presented in the Sustainable Energy and Environmental Protection (SEEP) conference-held at the University of the West of Scotland, UK, 2018. The selected work was directly related to the scope of the Renewable, Sustainable Energy Reviews (RSER) journal. During the conference activities, experts from all around the world in the subjects of: renewable energy, climate change, optimization, and economics presented and discussed the progress made in renewable energy sources, as well as the new strategies for protecting the environment from the hazards connected with fossil fuel utilization. The methods presented in the conference focused on several directions: the development of efficient energy conversion systems with low/no environmental impacts; the suggested policies to widespread renewable energies; the restriction in the emission of greenhouse gases, and the recent progresses in CO 2 capture. This editorial focused on the renewable energy developments and their positive effect on the climate change, and briefly summarized the accepted manuscripts in this issue. • Effects of renewable energy on climate change. • Background on the International Conference on Sustainable Energy and Environmental Protection SEEP. • Summary of selected papers of SEEP 2018. [ABSTRACT FROM AUTHOR]

Governments have failed to act at the scale and pace necessary to avert the climate crisis. This paper explores one key constraint on global action to combat climate change: resistance mounted by the fossil fuel industry. The economic losses that the fossil fuel industry is likely to incur as a result of climate stabilization include stranded assets and reduced profits. Using a methodology that emulates the expectations and valuation procedures used by fossil fuel firms, I estimate the magnitude and distribution of wealth losses from stranded assets for the upstream fossil fuel industry (i.e., firms and governments involved in fossil fuel extraction) under 1.8 °C and 1.5 °C climate stabilization scenarios. I also explore the timing of expected future profit losses and compare historical profit margins between fossil fuel and renewable energy firms. Results show that fossil fuel reserves will suffer a devaluation of 37%–50%, amounting to $13-$17 trillion. This implies a strong incentive for fossil fuel producers to continue resisting climate stabilization. Over half (51%–63%) of the reserve devaluation stems not from fuels left in the ground but from price decreases for fuels that will still be extracted and sold during climate stabilization, indicating that even low-cost producers stand to bear large losses. Three-quarters of stranded assets belong to governments, implying formidable political obstacles in nations with nationalized fossil fuel ownership. The profitability analysis reinforces these findings. My results point to strategic demand reduction of fossil fuels as a key strategy for overcoming industry resistance. • Estimates stranded fossil fuel assets in 1.5 °C and 1.8 °C scenarios. • Fossil fuel reserves suffer a devaluation of $13-$17 trillion (37%–50%). • Most stranded assets stem from fuels still produced during climate stabilization. • Three-quarters of stranded assets belong to governments. • Fossil fuels remain significantly more profitable than renewable energy. [ABSTRACT FROM AUTHOR]

The current editorial summarized some of the scientific works presented in the Sustainable Energy and Environmental Protection (SEEP) conference-held at the University of the West of Scotland, UK, 2018. The selected work was directly related to the scope of the Renewable, Sustainable Energy Reviews (RSER) journal. During the conference activities, experts from all around the world in the subjects of: renewable energy, climate change, optimization, and economics presented and discussed the progress made in renewable energy sources, as well as the new strategies for protecting the environment from the hazards connected with fossil fuel utilization. The methods presented in the conference focused on several directions: the development of efficient energy conversion systems with low/no environmental impacts; the suggested policies to widespread renewable energies; the restriction in the emission of greenhouse gases, and the recent progresses in CO 2 capture. This editorial focused on the renewable energy developments and their positive effect on the climate change, and briefly summarized the accepted manuscripts in this issue. • Effects of renewable energy on climate change. • Background on the International Conference on Sustainable Energy and Environmental Protection SEEP. • Summary of selected papers of SEEP 2018. [ABSTRACT FROM AUTHOR]

Renewable energy plays a crucial role in both climate change mitigation and adaptation in highly climate-vulnerable nations such as Nepal. This paper reviews various types of renewable energy technologies and their status, potential for adoption, relationship to climate change, and mitigative and adaptive roles in Nepal. Nepal has installed micro-hydro projects, solar power, improved cooking stoves, biogas technology, improved water mills, and wind energy to mitigate and adapt to climate change. There is a growing potential for renewable energy development in Nepal, such as hydropower, solar, wind energy, biogas, and improved cooking stoves. Roughly 70% of Nepal's energy consumption is generated from traditional energy sources while renewable energy accounts for approximately three percent. The gradual increase in the use of renewable energy has reduced greenhouse gas emissions and enhanced carbon sequestration. By adopting renewable energy technologies, Nepal has reduced emissions by 221,129 tCO 2 e from 2017 to 2018. Nepal's second Nationally Determined Contribution targets a 15% increase in national energy use from renewables with a reduction of 23% of CO 2 emissions by 2030 using biogas and improved cooking systems. Furthermore, a significant increase in the adoption of renewable energy has become a pivotal strategy in adaptation to climate change in social, health, and economic sectors resulting in time savings, alternative income sources, improved health and educational status, local job opportunities, and the promotion of social capital. The benefits of adapting to climate change and mitigating CO 2 emissions via renewable energy are significant at the local, national, and international levels. This study recommends that the government of Nepal focus work on energy policy reviews to address local energy demand and climate change issues by utilizing renewable energy resources at the local level, which has global implications. • Suitable, potential renewable energy technologies in Nepal. • The relationship between energy and climate change. • Relevant data on energy and climate change in tables and figures. • Social, economic, and environmental benefits of renewable energy. • Climate change adaptation and mitigation via renewable energy. [ABSTRACT FROM AUTHOR]