After Paris: Countries’ Paths into the Low-Carbon Future

... competitive advantages not linked to natural resources, such as the country’s leading positions in the Islamic world, good opportunities to attract foreign investments, and an advantageous location for creating a global hub. Consequences for the oil and gas industries The Paris Agreement presupposes that the countries will transition to a low-carbon development, which is a challenge for fossil fuel producers. Firstly, the use of this fuel will inevitably become more efficient, which will curb the demand. Secondly, the ...