Investment in Renewables Flashcards

1
Q

Why is oil recently viewed as a volatile investment?

A

Oil prices at record 12year lows

under $35 a barrel

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2
Q

What has low oil prices meant for unemployment?

A

mass unemployment in North Sea

cut budgets of many oil producing nations e.g UAE

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3
Q

What has oil prices meant for the automobile industry??

A

good for consumers

rise in SUV purchases in USA last year

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4
Q

Investment in 2015 totalled what for renewables

A

£330billion

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5
Q

What was 2015’s renewable investment compared to 2004?

A

X6 increase

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6
Q

What has New York pledged over the next decade to promote clean energy?

A

$5billion

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7
Q

Where in Europe and USA are now 98% non-fossil fuel reliant?

A

Oslo & Seattle

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8
Q

Since 2008 what has cost for solar photovoltaic cells decreased by?

A

60%

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9
Q

Since 2008 what has wind technology costs decreased by?

A

40%

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10
Q

What is an economic disadvantage of using renewables even today?

A

many, particularly wind, still need to be subsidised by the government for them to be economical

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11
Q

What did US Congress do for green technology in 2015?

A

renewed tax credits for green investment for another 5 years

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12
Q

Which country in S.America is almost 100% renewable, leading to low energy costs for consumers?

A

Costa Rica

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13
Q

What X2 universities have recently divested from coal and tar sands?

A

Oxford and Stanford

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14
Q

What happened at 2015’s Paris Climate Conference in terms of divestment from fossil fuels?

A

60 local governments pledge to divest from fossil fuel producing companies

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15
Q

What is New Zealand’s renewables target by 2025?

A

90% renewables by 2025

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16
Q

How much would it cost the UK to build 4000 turbines and 3000 offshore turbines?

A

£100billion

17
Q

Why is nuclear considered a recyclable source?

Why is uranium from land used more commonly?

A

Uranium extracted from seawater is recyclable

Uranium from land is cheaper