Oil slump may not harm green energy prospects
Cost stability of wind power, UN plans for global warming cap and awareness about dangers of fossil pollution all work in its favour
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Paris
SINCE the 1970s, the renewable energy sector has usually trembled each time oil goes through the "bust" phase of the commodity cycle.
When crude was dear, users became interested in wind, solar and hydro. But when oil became cheap, they gorged on it once more, turning their backs on novel, cleaner but costlier alternatives.
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