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Governmentprocurement is estimated to be responsible for 15% of all greenhouse gas emissions , according to a report by Boston Consulting Group and the World Economic Forum. The same study found that about 40% of all emissions related to governmentprocurement could be mitigated for less than US$15 per ton of CO 2 emissions.
The global energy transition, driven by technological change and international commitments to comply with the Paris Agreement, generates uncertainty about future fossil fuel demand, prices, and associated government revenues. Learn more about the IDB’s work on fiscal policy and climate change.
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