Diversification and Cooperation in a Decarbonizing World : Climate Strategies for Fossil Fuel-Dependent Countries
This book is the first stocktaking of what the decarbonization of the world economy means for fossil fuel–dependent countries. These countries are the most exposed to the impacts of global climate policies and, at the same time, are often unprepared to manage them. They depend on the export of o...
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Washington, DC: World Bank
2020
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| Online Access: | https://documents.worldbank.org/en/publication/documents-reports/documentdetail/469241593746087038/diversification-and-cooperation-in-a-decarbonizing-world-climate-strategies-of-fossil-fuel-dependent-countries http://hdl.handle.net/10986/34011 |
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okr-10986-340112021-05-25T09:48:48Z Diversification and Cooperation in a Decarbonizing World : Climate Strategies for Fossil Fuel-Dependent Countries Peszko, Grzegorz van der Mensbrugghe, Dominique Golub, Alexander Ward, John Zenghelis, Dimitri Marijs, Cor Schopp, Anne Rogers, John A. Midgley, Amelia CARBON POLICY LOW CARBON DEVELOPMENT DECARBONIZATION CLIMATE CHANGE CLIMATE RISK OIL AND GAS STATE-OWNED ENTERPRISES INTERNATIONAL CLIMATE NEGOTIATIONS PARIS AGREEMENT This book is the first stocktaking of what the decarbonization of the world economy means for fossil fuel–dependent countries. These countries are the most exposed to the impacts of global climate policies and, at the same time, are often unprepared to manage them. They depend on the export of oil, gas, or coal; the use of carbon-intensive infrastructure (for example, refineries, petrochemicals, and coal power plants); or both. Fossil fuel–dependent countries face financial, fiscal, and macro-structural risks from the transition of the global economy away from carbon-intensive fuels and the value chains based on them. 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. 2020-06-30T19:11:44Z 2020-06-30T19:11:44Z 2020-07-02 Book https://documents.worldbank.org/en/publication/documents-reports/documentdetail/469241593746087038/diversification-and-cooperation-in-a-decarbonizing-world-climate-strategies-of-fossil-fuel-dependent-countries 978-1-4648-1340-5 http://hdl.handle.net/10986/34011 Climate Change and Development CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Publication Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| topic |
CARBON POLICY LOW CARBON DEVELOPMENT DECARBONIZATION CLIMATE CHANGE CLIMATE RISK OIL AND GAS STATE-OWNED ENTERPRISES INTERNATIONAL CLIMATE NEGOTIATIONS PARIS AGREEMENT |
| spellingShingle |
CARBON POLICY LOW CARBON DEVELOPMENT DECARBONIZATION CLIMATE CHANGE CLIMATE RISK OIL AND GAS STATE-OWNED ENTERPRISES INTERNATIONAL CLIMATE NEGOTIATIONS PARIS AGREEMENT Peszko, Grzegorz van der Mensbrugghe, Dominique Golub, Alexander Ward, John Zenghelis, Dimitri Marijs, Cor Schopp, Anne Rogers, John A. Midgley, Amelia Diversification and Cooperation in a Decarbonizing World : Climate Strategies for Fossil Fuel-Dependent Countries |
| relation |
Climate Change and Development |
| description |
This book is the first stocktaking of what the decarbonization of
the world economy means for fossil fuel–dependent countries.
These countries are the most exposed to the impacts of global
climate policies and, at the same time, are often unprepared to
manage them. They depend on the export of oil, gas, or coal; the use
of carbon-intensive infrastructure (for example, refineries, petrochemicals,
and coal power plants); or both. Fossil fuel–dependent
countries face financial, fiscal, and macro-structural risks from the
transition of the global economy away from carbon-intensive fuels
and the value chains based on them. 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. |
| format |
Book |
| author |
Peszko, Grzegorz van der Mensbrugghe, Dominique Golub, Alexander Ward, John Zenghelis, Dimitri Marijs, Cor Schopp, Anne Rogers, John A. Midgley, Amelia |
| author_facet |
Peszko, Grzegorz van der Mensbrugghe, Dominique Golub, Alexander Ward, John Zenghelis, Dimitri Marijs, Cor Schopp, Anne Rogers, John A. Midgley, Amelia |
| author_sort |
Peszko, Grzegorz |
| title |
Diversification and Cooperation in a Decarbonizing World : Climate Strategies for Fossil Fuel-Dependent Countries |
| title_short |
Diversification and Cooperation in a Decarbonizing World : Climate Strategies for Fossil Fuel-Dependent Countries |
| title_full |
Diversification and Cooperation in a Decarbonizing World : Climate Strategies for Fossil Fuel-Dependent Countries |
| title_fullStr |
Diversification and Cooperation in a Decarbonizing World : Climate Strategies for Fossil Fuel-Dependent Countries |
| title_full_unstemmed |
Diversification and Cooperation in a Decarbonizing World : Climate Strategies for Fossil Fuel-Dependent Countries |
| title_sort |
diversification and cooperation in a decarbonizing world : climate strategies for fossil fuel-dependent countries |
| publisher |
Washington, DC: World Bank |
| publishDate |
2020 |
| url |
https://documents.worldbank.org/en/publication/documents-reports/documentdetail/469241593746087038/diversification-and-cooperation-in-a-decarbonizing-world-climate-strategies-of-fossil-fuel-dependent-countries http://hdl.handle.net/10986/34011 |
| _version_ |
1764479994287882240 |