Remove Algeria Remove Climate Change Remove Coal Remove Market
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
article thumbnail

Europe moves forward on the Energy Union; transport key element

Green Car Congress

The European Commission has adopted the European Energy Union package —a framework strategy for a resilient energy union with a forward-looking climate change policy. Today, we launch the most ambitious European energy project since the Coal and Steel Community. This cannot continue. competitiveness.