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OPEC Oil Price Squeeze To Leave Renewable Energy Unscathed
Renewable Energy World: While OPEC is helping drive down global prices for crude, it’s having less success squeezing the $250 billion clean power industry.
Green energy will receive almost 60 percent of the $5 trillion expected to be invested in new power plants over the next decade, according to the International Energy Agency. That’s because the U.S., China, Japan and the European Union are all pushing for global limits on greenhouse gases and promoting alternatives to fossil fuels.
Renewable Energy World: While OPEC is helping drive down global prices for crude, it’s having less success squeezing the $250 billion clean power industry.
Green energy will receive almost 60 percent of the $5 trillion expected to be invested in new power plants over the next decade, according to the International Energy Agency. That’s because the U.S., China, Japan and the European Union are all pushing for global limits on greenhouse gases and promoting alternatives to fossil fuels.
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