OIL - Interaction Between Oil Prices And Renewables
Image Sources: https://news.thomasnet.com
Two nuclear disasters made structural changes in the renewable industry and its associated technologies. The first disaster was the catastrophic nuclear accident at Chernobyl, Ukraine, in 1986.
Oil prices were at low levels at that time. While the accident didn’t stimulate investment in renewables or new projects, it did start changing energy policies which helped to create interest in renewables over the long term.
The second disaster was the 2011 Fukushima Daiichi nuclear accident in Japan. That took place at a time when oil prices were at record highs. With renewables