energy

  • Oil prices are plunging as governments and markets navigate the impact of the COVID-19 pandemic. With 80% of the global population under some form of lockdown to slow the spread of the virus, demand for fuel has plummeted. As a result, governments have a rare opportunity to tackle a notoriously difficult and politically treacherous topic: phasing out regressive and climate-destructive energy subsidies. These reforms are always challenging to implement: developed and developing countries alike keep trying to do it, only to cave when confronted with protests.
    Publication date:
    Apr 21, 2020
    Author: Tags:
    oil
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