Title
The oil endgame : strategies of oil exporters in a carbon-constrained world The oil endgame : strategies of oil exporters in a carbon-constrained world
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
Oxford ,
Subject
Economics
Chemistry
Biology
Source (journal)
Environmental science & policy. - Oxford
Volume/pages
54(2015) , p. 456-462
ISSN
1462-9011
ISI
000362603400048
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
There is mounting evidence that global oil demand will peak between 2020 and 2040, supported by rational economics (inter-fuel competition and efficiency gains) and environmental policies. The perspective of a peak in world oil demand poses a serious economic threat to petrostates whose GDP largely depends on oil export revenues. This article develops a repertoire of five possible strategies that oil-exporting countries can follow in a carbon-constrained world: quota agreements, price wars, efficiency, compensation, and economic diversification. The analysis suggests that the strategic behavior of oil exporters could yield important effects on climate policies, oil prices and related rents, the energy security of importers, and global geopolitics. The findings suggest that models of decarbonization and global energy security need to incorporate more explicitly the strategic behavior of oil exporters
E-info
https://repository.uantwerpen.be/docman/iruaauth/e96d07/497da2b049b.pdf
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