You are here

IMF highlights downside to prolonged low prices of oil and other fuels

It says that this would deter innovation and slow adoption of clean energy

45.jpg
Prices of oil and other fossil fuels are likely to stay low for a long time, and while this might appear good for economic activity, it has negative implications for fighting climate change, International Monetary Fund (IMF) chief economist Maurice Obstfeld has warned.

Tokyo

PRICES of oil and other fossil fuels are likely to stay low for a long time, and while this might appear good for economic activity, it has negative implications for fighting climate change, International Monetary Fund (IMF) chief economist Maurice Obstfeld has warned.

In a

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom