Petrostates must prepare for $9 trillion revenue shock: report

Carbon Tracker Initiative predicts huge drop in revenues by 2040, as senior executive at RBC Capital expresses 'deep worry' about energy transition 'left behinds'

Concerns: Nigerian President Muhammadu Buhari is one of many African leaders who need to work on detailed energy transition policies or risk instability and worsening security issues
Concerns: Nigerian President Muhammadu Buhari is one of many African leaders who need to work on detailed energy transition policies or risk instability and worsening security issuesPhoto: REUTERS/NIGERIA PRESIDENCY/SCANPIX
Published 11 February 2021, 13:58Updated 11 February 2021, 14:21