Why cheap oil will not wreck the prospects for renewable energy

[definitelynotIndian]

When oil prices collapsed in the 1980s, most large renewable energy programs were dismantled. But that won’t happen this time, writes John Mathews, Professor of Strategic Management at Macquarie University’s Graduate School of Management in Sydney, and author of a brand new book “The Greening of Capitalism”. The reason is that China has made a strategic commitment to renewables. Don’t forget, Mathews writes: coal prices have also been falling, but that has not made any difference to China’s renewables program.

Why cheap oil will not wreck the prospects for renewable energy – this time around - EnergyPost.eu

Didn't know China's investment in renewables was having such an impact. Very interesting article.