Diversification and Cooperation in a Decarbonizing World
Diversification and Cooperation in a Decarbonizing World

Diversification and Cooperation in a Decarbonizing World


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About the Book

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.


About the Author: The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.


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Product Details
  • ISBN-13: 9781464813405
  • Publisher: World Bank Publications
  • Publisher Imprint: World Bank Publications
  • Height: 254 mm
  • No of Pages: 150
  • Series Title: Climate Change and Development
  • Sub Title: Climate Strategies for Fossil Fuel-Dependent Countries
  • Width: 178 mm
  • ISBN-10: 146481340X
  • Publisher Date: 09 Sep 2019
  • Binding: Paperback
  • Language: English
  • Returnable: Y
  • Spine Width: 8 mm
  • Weight: 352 gr


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