News / Cheaper transport costs come at the expense of the environment, says WEF

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According to leading economists, a sustained collapse in the price of oil will have a ‘severe’ financial impact on the producing countries of the world, curtail investment in new energy sources and potentially have a negative effect on the environment.

Indeed, the benefit to consumers from cheaper transport could be overshadowed by a reversal in measures to reduce greenhouse gas emissions, as fuel conservation methods are discarded and alternative energy sources become comparatively more expensive to develop.

The ‘good news-bad news’ impact ...