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Of course, no one sets out to lose money on oil, but with the prospect of more stringent climate policies that could limit future oil field development, producers may be looking to stake out their territory now.
A stringent climate policy could accelerate structural change in the electricity sector, to allow for market price signals which incentivise low-carbon flexibility provision.
However, as discussed above, the presence of technological path dependencies and lack of stringent climate policy framework conditions limit incentives for structural change.
However, if taking into account perspectives of innovation economics, cooperating on stringent climate policy (or even moving forward unilaterally) can yield competitive technical and economic advantages in the unavoidable path to low-carbon economies.
In particular, a stringent climate policy framework has an important role to play in reducing the amount of conventional overcapacities in the system, which would contribute to more effective market incentives for low-carbon flexibility provision.
This is known as the 'short-term competitiveness channel.' Second, stringent climate policy at home may reduce returns on investment and hence industries may relocate to countries where less stringent emissions control exists with higher returns.
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Our results also suggest that both Brazil and Mexico may face other environmental and economic impacts from stringent global climate policies, affecting variables such as the value of energy resources in international trade.
"The monoculture system we have opted for performs amazingly well, but has really stringent requirements for climate and weather," she said.
And it appears to only be getting more stringent as the global climate of social dissent worsens.
Still, as the subgenre grows, its capacity for holding a mirror to today's problems ― climate change, stringent definitions of gender, and discrimination based on race or gender or nationality ― persists.
Those writers who remain face stringent censorship in a media climate characterised by the monotonous recycling of official information put out by a paranoid government.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com