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Cheap Oil Could Fuel Renewable Energy

Is $30 a barrel the end of oil as we know it? Could cheap oil present the perfect time to shift needed investment into renewable energy?

The Paris COP21 Climate Agreement in December put the world in an exciting position, with 187 countries agreeing to make intended nationally determined contributions (INDCs) to control the impacts of CO2 on our environment. That we reached such a consensus was amazing in itself, but now we need to act on this collective momentum. Many wonder who will lead this charge and where the “big wins” will come from. Those who follow these issues can now celebrate, as 2016 brought a large unexpected global gift—oil at $30 per barrel, or even less (it went below $27 today).


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