How Cheap Oil Prices Could Slow the Transition to Clean Energy
Doug McIntyre and David Callaway discuss how the current low oil prices, with crude below $70, hinder the shift towards renewable energy sources like solar, wind, and electric vehicles. As oil becomes more affordable, it reduces the economic motivation for consumers and industries to invest in cleaner alternatives. They point out that while the transition to clean energy will still happen, its pace slows when traditional energy is abundant and inexpensive, delaying the broader adoption of green technologies.
More from ClimateCrisis 247
- Microplastics in 99% of Fish: What It Means for Your Health
- How Extreme Temperatures Put People with Diabetes at Risk, According to Study
- The $1.5 Trillion Threat: How Climate Disasters Are Destroying Home Values
- Is $5 Gas Coming Back? How Trade and Climate Policies Could Drive Up Prices