Fossil Fuels Investment vs Climate Goals

The IMF showed in their recent Global Financial Stability Report that there is a negative relationship between expected oil and gas capital expenditure and country measures of current climate policies and emission-reduction targets. This means that countries with stronger climate commitments expect lower investments in oil and gas capacity.

Footnote

The Climate Change Performance Index evaluates climate change performance based on greenhouse gas emissions, renewable energy, energy use, and climate policy.

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