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Reducing fossil fuel extraction may imply persistent negative effects for fossil fuel-producing economies – The Centre for Economic Policy Research (CEPR)

by ZiyenSupport | Apr 1, 2024 | Oil Blockchain News, Press Feature

Reaching net zero emissions by 2050 will require an 80% reduction in global fossil fuel extraction compared with 2021 levels. This column estimates the macroeconomic consequences for fossil fuel-producing countries of large declines in extraction, based on a new...
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