BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth
Green Car Congress
DECEMBER 22, 2014
The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. Saudi Arabia burns up to 900,000 barrels of oil per day to generate over 50% of its electricity.
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