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|Title:||The 2015 Countershock and the Prospects for a Low-carbon Energy Transition||Authors:||Basosi, Duccio and Basosi, Riccardo||Issue Date:||2015||Project:||None||Journal:||IAEE ENERGY FORUM||Abstract:||
In this short essay we discuss the possible consequences of the recent downfall in oilprices for the prospects of the transition towards a low-carbon economy. Based on recent data and on a comparison with the oil price countershock of 1986, we reach the conclusion that, while the fall in oil prices is not necessarily good news for the prospectsof the energy transition, political and cultural variables can counterbalance purely economic ones and play a bigger role than oil prices over both the intermediate and long term.*
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