Investment in Renewables Flashcards
Why is oil recently viewed as a volatile investment?
Oil prices at record 12year lows
under $35 a barrel
What has low oil prices meant for unemployment?
mass unemployment in North Sea
cut budgets of many oil producing nations e.g UAE
What has oil prices meant for the automobile industry??
good for consumers
rise in SUV purchases in USA last year
Investment in 2015 totalled what for renewables
£330billion
What was 2015’s renewable investment compared to 2004?
X6 increase
What has New York pledged over the next decade to promote clean energy?
$5billion
Where in Europe and USA are now 98% non-fossil fuel reliant?
Oslo & Seattle
Since 2008 what has cost for solar photovoltaic cells decreased by?
60%
Since 2008 what has wind technology costs decreased by?
40%
What is an economic disadvantage of using renewables even today?
many, particularly wind, still need to be subsidised by the government for them to be economical
What did US Congress do for green technology in 2015?
renewed tax credits for green investment for another 5 years
Which country in S.America is almost 100% renewable, leading to low energy costs for consumers?
Costa Rica
What X2 universities have recently divested from coal and tar sands?
Oxford and Stanford
What happened at 2015’s Paris Climate Conference in terms of divestment from fossil fuels?
60 local governments pledge to divest from fossil fuel producing companies
What is New Zealand’s renewables target by 2025?
90% renewables by 2025