Publication
Title
The oil endgame : strategies of oil exporters in a carbon-constrained world
Author
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
Language
English
Source (journal)
Environmental science & policy. - Oxford
Publication
Oxford : 2015
ISSN
1462-9011
Volume/pages
54(2015), p. 456-462
ISI
000362603400048
Full text (Publisher's DOI)
Full text (open access)
The author-created version that incorporates referee comments and is the accepted for publication version Available from 01.10.2017
Full text (publisher's version - intranet only)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 31.08.2015
Last edited 08.07.2017
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