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Could there be negative impacts to reducing the quantity demanded of fossil...
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Elementary School Teacher
One way this scenario of reduced demand might occur is through fossil fuel consumption reform in which costly fossil-fuel subsidies were cut. This reform might have implications on the import and export exchanges. In net importing countries (like the U.S.), imports and spending on imports would be reduced, thus sparking a negative effect in import-related industries. In net exporting countries (like OPEC countries), the removal of subsidies would open export capacity but may threaten non-energy sectors of the economy with negative effects ("Joint report by IEA, OPEC, OECD and World Bank on fossil-fuel ... subsidies" Prepared for G20 Meeting of Finance Ministers).
Posted by karythcara on July 17, 2013 at 10:43 PM (Answer #1)
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