However, not all experts think the oil industry’s loss is necessarily a gain for green energy and the climate. “If anything it may hold up the share of oil for longer, because it’s cheaper. It could be bad news from a climate point of view,” said Dieter Helm, professor of energy policy at the University of Oxford.
He said securing a green economic recovery from the coronavirus crisis will require deliberate policy measures from governments: “This is where the carbon tax comes in. Now is the moment.”
www.theguardian.com
