Carnegie Endowment for International Peace
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This report is a rallying cry for Europeans to pull together and mobilize the EU’s assets to manage the three biggest changes of our times.
Because of the growing chemical and geological diversity of the new oils, the lack of alternative liquid fuels for transportation, and the size and global scope of oil production and trade, a tax is most needed in the oil sector.
Oil is changing. Conventional oil resources are dwindling as tight oil, oil sands, heavy oils, and others emerge.
Minimizing the environmental impact of climate change and resource development in the Arctic must be a top priority, if environmental disaster is to be avoided.