Diplomacy & Politics Glossary

When strict climate policies cause emissions to shift to countries with looser regulations.

A market-based approach to reducing greenhouse gas emissions by assigning a cost to emitting carbon dioxide.

Economic harm caused when resource exports lead to currency appreciation, reducing competitiveness of other sectors.

The global shift from fossil fuels to renewable energy sources to reduce environmental impact.

An organization of oil-exporting countries coordinating petroleum policies to influence global oil markets.

A nation whose economy heavily depends on the export of crude oil and petroleum products.

A country whose economy is heavily dependent on the export of oil and petroleum products.