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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers

Green Car Congress

Nigeria or Algeria cannot do the same for their oil industry. G20 countries build a generous Green Climate Fund, well above the $100-billion-a-year goal in the Paris climate agreement. Some national oil companies go bankrupt and others consolidate into a handful of global energy giants. —Goldthau et al.

Carbon 207
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Europe moves forward on the Energy Union; transport key element

Green Car Congress

Latest data shows that the EU imports 53% of its energy at a cost of around €400 billion (US$454 billion), making it the largest energy importer in the world. 94% percent of transport relies on oil products, of which 90% is imported. —Maroš Šef?ovi?, the Vice-President responsible for the Energy Union.