Asker, John; Collard-Wexler, Allan; De Canniere, Charlotte - National Bureau of Economic Research - 2024
global oil market, where OPEC's market power affects oil production and carbon intensity. We estimate that from 1970 to 2021 …, OPEC's market power reduced emissions by over 67 GtCO2, equating to $4,073 billion in climate damages and 17.8% of the …