Does the energy transition benefit from low or high oil prices? Proponents of a swift energy transition have debated this question for a long time. Most believe high oil prices are beneficial, because they make alternatives more competitive. But high oil prices also lead to huge profits for fossil fuel businesses, while low prices make the more costly (and often dirtiest) projects unprofitable. According to Rick Bosman and Derk Loorbach of the … [Read more...]
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