Using the oil rent to finance the energy transition

The sale of oil, both by governments and by oil companies, structurally generates a rent. Part of this rent can be recovered by oil-importing countries if they tax CO 2 . The effective strategy is then that countries (oil producers and consumers) and oil companies (Total, Shell and BP have announced that they will do so) use a significant part of the oil rent to finance the energy transition (investing in renewable energies, etc.), which justifies the continued presence of this rent.