Green policies could lower oil price

A reduction of 10% in oil demand could knock about $20 off the price of a barrel of crude by 2035 if nations meet their climate change pledges and cut fossil fuel subsidies, the International Energy Agency says.

Green thinking: a reduction in oil demand could lower the price of crude by $20 by 2035
Green thinking: a reduction in oil demand could lower the price of crude by $20 by 2035
Published 4 November 2010, 05:39Updated 10 October 2016, 14:23