Knowledge Tree
Relations (1)
related 2.00 — strongly supporting 3 facts
Fossil fuels are identified as a primary natural resource that triggers the resource curse in nations with abundant supplies [1], and their economic dominance contributes to the vulnerability of resource-rich developing countries [2]. Furthermore, transitioning away from fossil fuels is proposed as a strategy to mitigate the resource curse [3].
Facts (3)
Sources
Energy asset stranding in resource-rich developing countries and ... frontiersin.org 3 facts
claimAsset stranding is a multi-faceted problem that particularly affects resource-rich developing countries (RRDCs) due to their heavy dependence on fossil fuels, limited prospects for economic diversification, inadequate political and social support structures, the presence of vulnerable populations, and the amplifying effects of the resource curse.
referenceThe 'resource curse paradox' (also known as the 'paradox of plenty') describes a situation where nations with abundant natural resources, such as fossil fuels, tend to exhibit lower economic growth, limited democratic development, or inferior overall development compared to nations with fewer resources.
claimExporting hydrogen represents a promising and profitable alternative to fossil fuels, which can help decrease the extent of the resource curse in energy-producing nations.