QUESTION 19 An example of 'stranded asset' is Aship which is unable to come into port due to an outbreak of Covid An offshore oil rig which is no longer able to extract a plentiful supply of oil that is beneath it because there is no longer a demand for that it at an economic price A ship which has run aground on a sandbank and has become valueless as it cannot be shifted off the sandbank A share in a company for which there is no secondary market QUESTION 20 Transition risk is the risk to a company of The global transtion from a carbon-based to a non-carbon-based economy and imolving new regulation and technologies Rising sea levels which could flood the company's facilities Wind storms which will cause crop damage to an agricultural business 2&3 QUESTION 21 The inevitable Policy Response is: The regulatory action that governments would take if the climate crisis worsened and companies did not voluntarily implement net zero and appropriate Intermediate emissions targets What would happen if the global temperature rose to SC above pre-industrial devels The fines that would result from continuing logging or setting fire to large areas of forest in order to enable animal grazing A switch in policy from persuasion to sing directors of companies which did not achieve a below 2"C" target or of directors of asset management companies whose portfolios were beyond acceptable warming levels