We have reached the tipping point in the transition out of carbon, and the momentum of this historic change is just beginning to gather speed. This is profoundly good news. Click through to see the charts and tables.
$100B in Wind or Solar Will Now Produce More Energy Than the Same Investment in Oil
Impact Lab/Reader Supported News
Kepler Chevreux, a French investment bank, has produced a fascinating analysis that has dramatic implications for the global oil industry. The investment bank estimates that $100 billion invested in either wind energy or solar energy – and deployed as energy for light and commercial vehicles – will produce significantly more energy than that same $100 billion invested in oil.
The implications, needless to say, are dramatic. It would signal the end of Big Oil, and the demise of an industry that has dominated the global economy and geo-politics, for the last few decades. And the need for it to reshape its business model around renewables, as we discuss here.