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Africa: Fossil Fuel Viability to Decline Sharply

Posted by All Africa on

[AfricaFocus] "Falling demand and rising investment risk is likely to slash the value of oil, gas and coal reserves by nearly two thirds, sending shock waves through the global economy by hitting companies, financial markets and countries reliant on exports, finds a new report from Carbon Tracker. It warns that the fossil fuel industry is approaching terminal decline because of competition from clean technologies and tougher government policies to achieve climate targets and increase energy security. The COVID-19 crisis

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