Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers
Green Car Congress
MAY 6, 2019
Nigeria or Algeria cannot do the same for their oil industry. Financial markets divest fossil-fuel assets and reallocate capital to low-carbon firms. Petro-states are compensated to transition smoothly to a sustainable economy, avoiding a last-ditch attempt to flood the world with cheap oil and gas. —Goldthau et al.
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