18.02.2011 - Break-even for low-carbon economy is $100 a barrel oil, says Chris Huhne
From Guardian.co.uk: The billions being invested in renewable energy, nuclear and 'clean' coal will pay off financially if oil is over $100 a barrel in 2020, says the energy and climate change secretary. The UK's ambitious low-carbon energy plans will mean energy consumers paying lower bills in 2020 if oil is over $100 per barrel, compared to a fossil-fuelled future. That price is the break-even point, said the energy and climate change secretary, Chris Huhne, today..............................................Full Article: Source
Print