The low price of oil
vendredi 22 janvier 2016 à 01:00The low price of oil may not slow adoption of renewable electric generation.
However, to avoid disaster, we must decarbonize more than just electric generation. We need to reduce the emissions of cars, trucks, trains, ships, and planes, too, as well as heating of homes and buildings. The low price of oil reduces one of the incentives.
The low price encourages some oil exporters to put in renewable energy, but the fraction of oil that they use is tiny.
We should make sure the use of oil keeps decreasing, by putting a bigger tax on it.