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| Financial Investment in Clean Energy |
The decrease in oil prices may have huge impacts on green
technology says an
article by The Independent. Green energy technology such as
solar and wind can no longer rely on a sharp increase in oil prices in the
2020s and 2030s. The economic argument for green technology banked on the idea
that renewable resources would gradually become less expensive as fossil fuel
prices rise. With the consensus that oil prices will remain low for the next
couple of years, the push towards the use of renewable resources might have
been severely slowed for now. I feel
like the economic benefits of green technology alw
ays outweigh the environmental
impacts. It doesn’t matter how big of a difference it makes, as long as it’s
bringing in money and is cheaper than oil, people will invest into it.
The article also touches on some consumer impacts of the
decline in oil prices. Aircraft fuel prices will also decrease resulting in a
decreased price for travelers. The
environmental impacts of this could be
huge, as air travel emits more pollution
than just CO2. The cost of energy bills,
transportation, manufacturing and distribution are all predicted to decrease. You can probably guess what I think of this already. People will start getting excited about their new energy bills and gas prices that they totally forget about the environmental impacts of their actions. Businessmen will halt their investments on renewable resources and development of green technology will slow down drastically until people find a BETTER incentive to invest again. (Cuz preserving Earth isn't a good enough reason rite?)
The article also touches on some consumer impacts of the
decline in oil prices. Aircraft fuel prices will also decrease resulting in a
decreased price for travelers. The
environmental impacts of this could be huge, as air travel emits more pollution
than just CO2. The cost of energy bills,
transportation, manufacturing and distribution are all predicted to decrease. You can probably guess what I think of this already. People will start getting excited about their new energy bills and gas prices that they totally forget about the environmental impacts of their actions. Businessmen will halt their investments on renewable resources and development of green technology will slow down drastically until people find a BETTER incentive to invest again. (Cuz preserving Earth isn't a good enough reason rite?)
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