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Sustained cheap oil likely to hurt global climate plans
2016-06-13 17:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Climate Home: Low oil prices "considerably" hinder transition to greener energy, say IIASA and World Bank analysts, while sustained high prices would give a boost Does cheap oil hold back the global low carbon transition? It is a hotly debated question since prices plummeted in mid-2014 from more than US$100 a barrel to $40-$55 more recently. A study published in the journal Nature Energy on Monday represents the most systematic attempt yet to answer it -- and the findings are significant. If crude...
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