in Oxford Review of Economic Policy
January 2016; p ublished online April 2016 .
Journal Article. Subjects: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; Macroeconomic Aspects of International Trade and Finance; Economics; Technological Change; Research and Development; Non-renewable Resources and Conservation; Energy Economics; Environmental Economics. 9448 words.
Oil and gas producers face three threats: prolonged low oil and gas prices, tightening of climate policy and a tough budget on cumulative carbon emissions, and technological innovation...