Low oil prices won't hurt renewable energy, says US EIA

clock

Tax incentives more important than oil price and oil is not in head-on competition with renewables for electricity production, says government’s chief energy analyst

Cheap oil is not about to kill off wind and solar power as some experts have claimed, the US government's chief energy analyst said on Wednesday. The historic drop in crude oil prices, with Brent crude...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

IEA signals clean tech market could more than double to $3tr by 2035

IEA signals clean tech market could more than double to $3tr by 2035

New report on clean technology manufacturing predicts continued rapid growth, as OECD highlights how 'renewable energy generation and energy efficiency can enhance economic security'

James Murray
clock 26 March 2026 • 5 min read
'Installation boom': Solar and heat pump sales surge as Middle East conflict escalates

'Installation boom': Solar and heat pump sales surge as Middle East conflict escalates

New figures reveal demand for domestic clean technologies has increased sharply, as households look to better insulate themselves against rising oil and gas prices

clock 26 March 2026 • 4 min read
Iran War: Businesses facing gas bill hikes of up to 80 per cent

Iran War: Businesses facing gas bill hikes of up to 80 per cent

Latest analysis from Cornwall Insight warns businesses have already seen gas costs rise by nearly 60 per cent, further strengthening the business case for renewables

James Murray
clock 25 March 2026 • 7 min read