Tag: fossilfuels
-
Petrostates Face Trillions in Revenue Losses as Global Shift to Green Energy Accelerates, Study Finds
A recent study by the financial think tank Carbon Tracker has highlighted the financial risks facing petrostates as the world shifts towards green energy. The study, which examined 40 economies heavily dependent on oil and gas, predicts a significant drop in revenue from $177 trillion to just $9 trillion by 2040, should global climate pledges…