As the global economy shifts from high-carbon to green, governments are looking for a just transition that leaves no one behind. Because oil prices are denominated in terms of U.S. dollars in international commodities markets, fluctuating carbon-based energy prices impact some countries more than others. If the dollar falls in value against the European euro, what is the resulting relative cost of gasoline for U.S. buyers? The relative cost will increase for U.S. buyers. The relative cost becomes the same for U.S. buyers as it is for Europeans. The relative cost will decrease for U.S. buyers. Because oil is sold in dollars, there is no change in the relative cost for U.S. buyers