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Innovative and continuous support will be needed to manage the effects of a sustained decline in oil prices, especially in oil-producing and developing countries.
New policies can help promote the use of cleaner transport fuels. But as the European Union’s recent experience shows, they still face significant challenges.
Washington and Beijing should take their bilateral cooperation on climate change to the next level by implementing projects to help cities reduce their carbon emissions.
The transformation of America's cars—and trucks—presents a unique opportunity to cut oil use and mitigate climate change without requiring economy-wide action, at least not in the near term.