Cheap oil threatens renewables

The tumbling price of crude oil is rattling investors in renewable energy, who fear new investment projects may not be economically viable. Simon Wilson reports.

What are the effects of cheaper oil?

Meanwhile, lower prices should have positive effects on net oil importers, including Japan, India, China and, indeed, the UK. However, there has been less discussion about how this may affect the growth of alternative and renewable sources of energy.

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Simon Wilson’s first career was in book publishing, as an economics editor at Routledge, and as a publisher of non-fiction at Random House, specialising in popular business and management books. While there, he published Customers.com, a bestselling classic of the early days of e-commerce, and The Money or Your Life: Reuniting Work and Joy, an inspirational book that helped inspire its publisher towards a post-corporate, portfolio life.   

Since 2001, he has been a writer for MoneyWeek, a financial copywriter, and a long-time contributing editor at The Week. Simon also works as an actor and corporate trainer; current and past clients include investment banks, the Bank of England, the UK government, several Magic Circle law firms and all of the Big Four accountancy firms. He has a degree in languages (German and Spanish) and social and political sciences from the University of Cambridge.