If the price of crude oil remains near $ 50 a barrel by the end of the decade, the cheaper conventional fuels will hamper the development of electric cars and biofuels.
Renewables took almost half of new investments in electricity generation last year and will overtake coal as the largest source of electricity since the beginning of 2030, will take market share from 50% in the EU by 2040 30 percent in China and Japan, and 25 percent in the US and India, expected IEA.
Investors follow with attention the changes in oil prices, not only to achieve profits from buying and selling, but to find the right time to redirect investment.
Higher prices of black gold will direct interests to companies investing in renewable energy sources.
E.Dimitrov JrTrader
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