Article preview: Countries with significant revenues from oil and gas production could face a multi-trillion-dollar gap in their public finances. According to a new report from the think tank Carbon Tracker, the world cutting back on fossil fuels will have a massive financial impact on many countries. Some countries which are especially dependent on fossil fuel revenues could lose as much as 40% of their government incomes.
Trillion dollar losses for carbon dependent economies
This 393-word blog post looks at a new report from think tank Carbon Tracker, warning of significant revenue losses for carbon-dependent countries. Written on 11th February 2021.
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