Oil Plunge Seen Eroding Emissions Ambition: Carbon & Climate

January 8, 2015 12:20 AM

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Oil Plunge Seen Eroding Emissions Ambition: Carbon & Climate

While the falling price of crude oil is giving consumers cheaper energy, it’s threatening long-term global pollution-control efforts.

Reduced national income from energy taxes and “a low-growth economic environment” might spur countries to curtail their emissions-curbing pledges for after 2020, leading to more emissions of carbon for a longer time, said Zoe Knight, head of the HSBC Holdings Inc.’s climate change center in London. ...

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