26 Jan '15, 3pm

Do Low Gas Prices Hurt Renewable Energy Adoption? Unlikely, Says Analyst

Do Low Gas Prices Hurt Renewable Energy Adoption? Unlikely, Says Analyst

By Stephen Edelstein 198 views Jan 26, 2015 Reddit This! Share on Facebook Share on Twitter Wind farm, by Flickr user Patrick Finnegan (Used under CC License) Enlarge Photo Gas prices have fallen dramatically in the U.S.--40 percent in six months--and it's assumed by some that this will hurt the renewable-energy industry. With the financial advantage of solar or wind energy curtailed by cheap oil, the logic goes, consumers will be less interested in switching from fossil fuels. DON'T MISS: As Solar Installations Soar, Utilities Confront Distributed Renewable Power That's not necessarily the case in reality, however. Falling oil prices have a limited impact on renewable energy, and their volatility actually underscores the value of clean power sources, argues a new blog post from the Brookings Institution. Oil field (Image: Flickr user johnny choura, used under CC license) ...

Full article: http://www.greencarreports.com/news/1096488_do-low-gas-pr...

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