Will Renewable Energy Save Diminishing Energy Stocks In 2020?
- Nov 1, 2020 7:38 pm GMT
The demand for fossil fuels such as coal and oil continues to rise across the globe, despite clear and obvious attempts to embrace clean and renewable energy. In fact, demand for this type of energy increased by 2.3% in 2018, with this representing the single biggest annual increase in more than a decade.
However, this market continues to wage a war on multiple fronts, with the sustained decline of the global oil market impacting heavily on demand and the share performance of associated stocks.
This issue is being exacerbated by the fact that existing fossil fuel resources are expected to be depleted by 2060, which is also encouraging nations to eschew traditional energy and seek out cleaner alternatives.
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