Cheap Oil, Climate Change Mitigation and India

Publication Type:

Journal Article

Source:

Economic and Political Weekly., Volume 50, Issue 9, Number 9, p.38–43 (2015)

URL:

http://eprints.nias.res.in/728/

Abstract:

<p>The oil crash of 2014 is expected to have a moderate impact on the global economy with oil importers seeing a boost in growth. The long-term impacts on climate change are difficult to predict but it is very likely that these might even be beneficial to the process of <span data-scayt_word="decarbonising" data-scaytid="1">decarbonising</span> the global energy economy. Most countries, including India, could use the opportunity to reduce fossil fuel subsidies and invest in renewable energy instead.</p>