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Cambridge University: Windfarms create new economic risks for Estonia.

Uncompetitive exporters (Like Estonia Shale oil, the US, Canada, Russia) would be unable to compete on price in this flooded market, suffering a double blow from declining demand and low oil and gas prices.

Economic diversification away from fossil fuels is complex but necessary to protect economies from the volatility that usually occurs at the end of a technological era.  Now all the risks are pushed forward.

Young developing countries face the largest challenges to insert themselves into the low-carbon technology supply chain.

The paper, published in the journal Nature Energy, is entitled: “Reframing incentives for climate policy action.”

 Jean-Francois Mercure, Reframing incentives for climate policy action, Nature Energy (2021). DOI: 10.1038/s41560-021-00934-2www.nature.com/articles/s41560-021-00934-2Journal information:Nature Energy