As the world moves towards greener energy, a recent report suggests economies heavily reliant on oil and gas risk losing trillions of dollars in revenue. But reducing this dependence on fossil fuel revenues requires significant investments in new technologies, retraining the workforce, and diversifying sources of income. And as the FT’s Jamie Smyth explains, that may not be easy.

Read more at https://carbontracker.org/reports/pet...

#fossilfuels #energy #economy

See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmen....

► Check out our Community tab for more stories: https://www.youtube.com/@FinancialTim...
► Listen to our podcasts: https://www.ft.com/podcasts
► Follow us on Instagram:   / financialtimes'