Remove Algeria Remove Cheap Remove Climate Change Remove Coal
article thumbnail

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

Green Car Congress

For example, rich countries such as Germany can throw billions of dollars at their coal sector to ease their transition pain, offering generous financial aid to lignite-producing regions. Nigeria or Algeria cannot do the same for their oil industry. This scenario assumes a full global consensus for action on climate change.

Carbon 207