Grzegorz Peszko,World Bank
Diversification and cooperation in a decarbonizing world: climate strategies for fossil fuel - dependent countries
Diversification and cooperation in a decarbonizing world: climate strategies for fossil fuel - dependent countries
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- More about Diversification and cooperation in a decarbonizing world: climate strategies for fossil fuel - dependent countries
The decarbonization of the world economy poses significant risks and opportunities for fossil fuel–dependent countries, which depend on the export of oil, gas, or coal and the use of carbon-intensive infrastructure. This book provides strategies for managing these transition risks and harnessing related opportunities, emphasizing diversification and international climate cooperation. It calls for long-term revenue visibility and consistent policy leadership to create room for all countries to contribute to the goals of the Paris Agreement.
Format: Paperback / softback
Length: 148 pages
Publication date: 30 August 2020
Publisher: World Bank Publications
Fossil fuel-dependent countries are the most exposed to the impacts of global climate policies and are often unprepared to manage them. They depend on the export of oil, gas, or coal, the use of carbon-intensive infrastructure, or both. This book focuses on managing these transition risks and harnessing related opportunities. Diversification and Cooperation in a Decarbonizing World identifies multiple strategies that fossil fuel-dependent countries can pursue to navigate the turbulent waters of a low-carbon transition. The policy and investment choices to be made in the next decade will determine these countries' degree of exposure and overall resilience. Abandoning their comfort zones and developing completely new skills and capabilities in a time frame consistent with the Paris Agreement on climate change is a daunting challenge and requires long-term revenue visibility and consistent policy leadership. This book proposes a constructive framework for climate strategies for fossil fuel-dependent countries based on new approaches to diversification and international climate cooperation. Climate policy leaders share responsibility for creating room for all countries to contribute to the goals of the Paris Agreement, taking into account the specific vulnerabilities and opportunities each country faces.
Weight: 302g
Dimension: 178 x 254 x 17 (mm)
ISBN-13: 9781464813405
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