The Graphic Truth: Petrostates' grim low-carbon future

The Graphic Truth: Petrostates' grim low-carbon future
Gabriella Turrisi

Reducing carbon emissions is good for the planet and good for your lungs, but there's one group of countries that might not be so keen on green: those that rely heavily on oil and gas exports to run their economies. As the rest of the world gets closer to "Net Zero" in the coming decades, these petrostates will be in big trouble unless they diversify their economies — fast. So, how vulnerable are the world's top oil and gas producers to a low-carbon future? We look at how the treasuries of the 20 most hydrocarbon-dependent nations will fare over the next two decades under what the Carbon Tracker Initiative refers to as a scenario in which global demand for oil and gas will be much lower than today.

More from GZERO Media

Israeli Prime Minister Benjamin Netanyahu and Israeli Defense Minister Yoav Gallant attend a ceremony for the 70th cohort of military combat officers, at an army base near Mitzpe Ramon, Israel, October 31, 2024.
REUTERS/Amir Cohen

These warrants will pose a test for Israel’s Western allies if Netanyahu ever plans to visit, and raises questions over how they should interact with the Israeli leader more generally.

Former Rep. Matt Gaetz, R-Fla., withdrew his bid to become attroney general on Nov. 21 over continuing allegations of sexual impropriety. President-elect Donald Trump appointed him on Nov. 13, 2024.
USA TODAY NETWORK via Reuters Connect

Matt Gaetz announced Thursday that after meeting with senators, he would not go through with the nomination process to become Donald Trump’s attorney general, claiming he did not wish to be a “distraction.”

Are you a reporter and writer with creative flair and an academic or professional background in international politics? Do you think it's more important than ever to help the general public understand the dizzying political changes in the world today? If so, you could be a strong candidate to fill our opening for a senior writer on the GZERO Daily newsletter team.

Mexico's President Claudia Sheinbaum speaks, on the day of the 114th anniversary of the Mexican Revolution, in Mexico City, Mexico November 20, 2024.

REUTERS/Raquel Cunha

The lower house of Mexico’s Congress approved the text of a constitutional proposal to scrap oversight bodies on Wednesday, a first step in the ruling Morena party’s goal of eliminating autonomous institutions and consolidating power.

World leaders assemble for a group photo at the G20 summit in Rio de Janeiro, Brazil on November 19, 2024. The gathering was overshadowed by Donald Trump's impending return to the White House.

REUTERS/Ricardo Moraes

With Trump about to take power again, one of the world's most important multilateral gatherings was an exercise in cowardice and smallness.

Chairman of the Michigan Republican Party Pete Hoekstra speaks during the Michigan GOP's Election Night Party.
REUTERS/Emily Elconin

Donald Trump on Wednesday tapped former Michigan congressman and Netherlands ambassadorPete Hoekstra to be US ambassador to Canada.