The main economic principle is that "people respond to incentives". The green transition has many aspects and problems. This gives opportunities to other economic actors. These opportunities are especially important to the actors losing their benefits due to the green transition. The current OPEC+ decision responds to two opportunities both related to the increasing oil prices. First of all, the reduction in oil production will definitely increase oil prices, and thus, revenue in the short run. In the long run, the length and cost of the green transition also dramatically increased. This guarantees significant revenue growth over a ten-year horizon. At the same time, the green movement has to survive to continue to push the green agenda. The driver of high oil prices needs the full support of OPEC+. For example, support for Greta will help a lot.
Food price inflation in Russia in July 2025 is 1% higher than in July 2024
one can look at the graph of changes in food and other prices here (see figure). In 2024, the rate of growth (inflation) of food prices was...
-
These are two biggest parts of the Former Soviet Union. To characterize them from the economic point of view we borrow data from the Tot... -
These days sanctions and retaliation is a hot topic. The first round is over and we will likely observe escalation well supported by po...
-
This paper "Gender income disparity in the USA: analysis and dynamic modelling" is also of interest Abstract We analyze and deve...
No comments:
Post a Comment