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UK climate policy can curb energy price shocks

Posted on 18 May 2012

Britain’s climate policies can help shield the economy from oil and gas price shocks triggered by external factors such as the Arab Spring, an analysis commissioned by the government showed on Friday.
Energy price spikes can often dent economic growth, business investment and employment, as witnessed during the global financial crisis in mid-2008 when oil rose to nearly $150 (95 pounds) per barrel, research group Oxford Economics said in a report………………………………………..Full Article: Source


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