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Oil supplement: Can renewables be competitive?

"Subsidy" is seen as a dirty word - but we need them

By Ian Temperton   February 2015

With oil below $60 a barrel and energy consuming countries around the world, particularly those with an election on the horizon, looking forward to an unexpected economic boost and associated feel-good factor, attention has turned to what impact falling hydrocarbon prices will have on investments in renewable energy and the climate change agenda in general.

Will those wind and solar farms turn out to need even more subsidies than they were getting anyway in order to compete with cheaper hydrocarbons? Can we really continue to say that clean forms of power save us from an insecure and expensive future based…

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