FT Energy Source

Petrostates risk losing trillions as world turns to green energy

As the world moves towards greener energy, a recent report suggests economies heavily reliant on oil and gas risk losing trillions of dollars in revenue. But reducing this dependence on fossil fuel revenues requires significant investments in new technologies, retraining the workforce, and diversifying sources of income. And as the FT’s Jamie Smyth explains, that may not be easy.

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FT Channels, a partnership destination that combines impactful and enriching multimedia content to spark curiosity and encourage discovery. Each vertical brings expert insights from the Financial Times and our Partners into the most pressing issues of our time.


Energy Source is FT's trusted destination on essential news, forward-thinking analysis and insider intelligence around the world's most indispensable business. The channel combines independent reporting by FT journalists with expert insights from global electricity group Iberdrola.