With the falling oil prices recently many are wondering if this will derail all the progress that has been made toward renewable energy sources—it won’t, and here’s why: Renewables mostly compete with coal-fired power plants for electricity generation. The price of coal has fallen in recent months as well but is now at about the same level as a year ago. And, as we recently reported, a recent study by Deutsche Bank predicts “grid parity” for solar in all 50 US states within two years. Large power projects could only be impacted at the conceptual level, before they’re built. That’s why the oil price is not changing the trend towards renewables.
Falling oil prices won’t impact rise of renewables
More of Today's Solutions
Period tax scrapped in Pakistan: what the ruling means for women
BY THE OPTIMIST DAILY EDITORIAL TEAM Two lawyers filed a court case. Thousands signed a petition. Pakistan just agreed to scrap its sales tax ...
Read MoreHow to reset your gut in 30 days, according to a gastroenterologist
BY THE OPTIMIST DAILY EDITORIAL TEAM You’ve probably spent more time than you’d like to admit wondering if something is off with your gut. ...
Read MoreThousands of people in the UK to receive landmark trials for dementia blood t...
In an effort to revolutionize dementia diagnosis, two large studies are planned to take place across the UK, offering thousands of concerned individuals blood ...
Read MoreHow to use borax spray safely and effectively around your home
BY THE OPTIMIST DAILY EDITORIAL TEAM If you’re looking to cut back on harsh chemicals at home, you’re not alone. More and more people ...
Read More
