Fossil Fuel’s Low demand + High supply = Little impact on renewable energy markets

What about renewable energy markets? Will solar, wind and biomass buckle under the pressure of this low-priced petroleum glut? Historically, lower fossil fuel prices have impacted renewable energy resources like kryptonite – for example in the 1980s and 1990s, when nascent solar, wind and geothermal markets in California keeled over as North America suddenly became awash in cheap oil and natural gas. But energy markets dynamics have changed in the 21st century. In fact, when it comes to electricity, oil and renewables hardly mix at all anymore. That’s because diesel and other petroleum-based fuels account for only 5% of global […]
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