Policy and Regulation

Petrostates set to lose over half their oil revenues from energy transition

Oil exploration platform rig
The Carbon Tracker report argues that the international community will have to step up in order to financially assist some petrostates with the energy transition (Photo: Ding Jianzhou/Imaginechina via Bloomberg News)

Petrostates whose revenue is dependent on oil and gas must diversify their economies, Carbon Tracker warns, as leaders at COP28 are being urged by certain countries, progressive businesses and civil society to agree a phase-out of fossil fuels

Environmental think-tank Carbon Tracker has identified 40 petrostates, 28 of ...

To continue reading
Request Free Trial

  • Unlimited access to all content.
  • Email alerts highlighting key industry insight.
  • Invitations to attend exclusive roundtables and events.
  • The Sustainable Views Policy Tracker - deep insight on ESG regulations and deadlines.

Read Next:

Planting trees_forestry
Knowledge Hub, Policy & Regulation, UK
February 23, 2024

Including Woodland Carbon Code in UK ETS could boost prices and accelerate afforestation

A paper co-authored by academics at King’s College London and asset manager Foresight Group argues the case for expanding the UK’s Emissions Trading System to include afforestation 
Read more