Helping Middle-Income Energy Exporters Kick the Fossil-Fuel Habit
Volatility in oil and gas markets has been devastating for middle-income energy exporters, which produce nearly half of the world’s oil and gas. As the world shifts to renewables, these countries must adopt strategies to ensure that the transition does not harm workers and communities.
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CAPE TOWN – The ongoing volatility in oil and gas markets has come as a shock to many people across the developed world. But its impact on developing countries that rely on producing fossil fuels has been far worse.