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Crude Oil Prices, Climate Change, and Global Welfare

May 27, 2015

[Robert Stavins' blog] A few weeks ago, I participated in a panel session titled, "The Remarkable Transformation of the Energy Sector: Does it Also Transform Our World." The motivating question was: "Is the dramatic decline in oil prices a complete gift to the West because of the enormous funds being saved, or is it an unintended Trojan horse because development of renewable energy as well as new fossil-fuel sources will decline in the West, posing longer new challenges?"... Read more about Crude Oil Prices, Climate Change, and Global Welfare