BNP Paribas Asset Management

Economics of road transport starting to favor renewables
According to a new report by BNP Paribas Asset Management, renewables offer more advantages than simply mitigating climate change. Electricity is easier to transport than oil, and wind and solar electricity prices are much more stable than volatile oil prices. An analyst from the French bank argues that major producers will need to reduce oil prices below $20 to compete with clean energy in the transport sector.
Aug 6, 2019 // Technology, Storage, BNP Paribas Asset Management, transport sector, Mark Lewis, oil prices