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Europe's green transport set for protection from oil price fall

2015-02-04 16:52:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Europe's green transport sector, still in its fledgling stages, is set to receive more regulatory support as the slump in oil prices tempts drivers back to gas guzzlers. Renewable power, such as wind and solar, is an increasingly established technology, competitive with conventional fuel and no longer affected by movements in the oil market, analysts say. The alternative transport sector is comparatively tiny, and more exposed as about 90 percent of transport is fueled by conventional oil....

Tags: price set fall green

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