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Oil Price and the New Climate Economy

Oil Price and the New Climate Economy

Full Title: Oil Price and the New Climate Economy
Author(s): Per Klevnäs, Nicholas Stern, and Jana Frejova
Publisher(s): The New Climate Economy
Publication Date: May 1, 2015
Full Text: Download Resource
Description (excerpt):

After several years at high levels, oil prices dropped by more than half between June 2014 and January 2015.This realignment has caused companies and countries to reconsider their energy choices. They have to account not just for current lower prices, but also for the economic implications of uncertain and volatile oil prices, and for what this means for longer-term trends.

This note addresses some of these issues, building on the findings and recommendations of Better Growth, Better Climate: The New Climate Economy Report, published last September by the Global Commission on the Economy and Climate. The report found there were many actions countries could take to promote better growth, while also reducing GHG emissions from energy use. The overall conclusion of this note is that opportunities for structural change in economies and energy systems remain even with a situation of lower oil prices.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of OurEnergyPolicy.org, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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