Tag: Economic Crash
VICE, April 2020
In recent years, the rapid ascent of renewables has eaten into an ever bigger share of the global energy market. Even back in 2018, think tanks were projecting fossil fuel price declines, increased competition, and stranded assets.
With the onset of the COVID-19 pandemic, however, the carbon sector is truly beginning to spiral: U.S. crude prices have sunk below $20 a barrel and widespread job losses are all but guaranteed.