BANGKOK, Thailand, August 5 (IPS) – Inaction and maintaining the status quo of fossil fuel dependence carry significant costs. The recent closure of the Strait of Hormuz, for instance, caused enormous losses to the global economy, with many Asia-Pacific countries bearing disproportionately larger adverse impacts. Had these economies had a more diversified energy mix, they would have benefited from such resilience under current circumstances.
Read the full story, “Green transition: Pay the Least, Benefit the Most”, on globalissues.org →
