Green energy development affected by rise in oil, metal prices — study

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Green energy development affected by rise in oil, metal prices — study
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Green energy development affected by rise in oil, metal prices: study

An increase in oil prices and other raw materials may lead to a reduction in the development of green energy, a new study by an international team of researchers has found., oil is still required for deploying clean energy capacity or infrastructure. It is particularly needed in the form of cheaper fuel for the cars used for the transportation and maintenance of energy-intensive technologies employed in the building of the equipment necessary for producing clean energy.

As an example, he mentioned that a photovoltaic solar power plant contains approximately 5.5 tonnes of copper per megawatt of electricity generation, while a conventional power plant needs only one ton. In addition to copper, solar panels require other raw materials such as indium or tellurium, cadmium, and silver.

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