Global Climate Change Action Could Push Down Coal And Oil Prices In 2015, Analysts Say

September 24, 2014 2:10 PM

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Global Climate Change Action Could Push Down Coal And Oil Prices In 2015, Analysts Say

Coal and oil prices could drop next year as countries adopt ambitious plans to slash their greenhouse gas emissions, analysts said Wednesday. The forecast comes a day after more than a hundred country leaders pledged to tackle climate change at a United Nations summit in New York.

“The issue of climate change is being taken more seriously again,” analysts at Capital Economics, a London economic research firm, said. The authors of the report cited Tuesday’s summit and massive climate protests on Sunday that drew some 600,000 participants worldwide.

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