Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5482694 | Renewable and Sustainable Energy Reviews | 2017 | 14 Pages |
Abstract
The study shows that so far the recent plunge in oil prices has produced no major impact on renewable energy sector. We found that renewable energies, such as solar and wind, are increasingly becoming cost competitive with fossil fuel energy. However the oil price crash could hurt the short-term outlook for certain specific clean energy technologies such as bio-fuel and electric vehicles that do compete with oil-based transportation. While long term low oil prices may threaten renewable energies, climate policies have the potential to act as a counterweight, encouraging long-term, low carbon, investment.
Related Topics
Physical Sciences and Engineering
Energy
Renewable Energy, Sustainability and the Environment
Authors
Muhammad Imran Khan, Tabassam Yasmeen, Abdul Shakoor, Niaz Bahadur Khan, Riaz Muhammad,