Transportation Sector Isn't Driving Green Economy


Europe in the age of austerity is slashing subsidies for renewable energy programs. The IEA argues that as renewables become more affordable, government support is waning. This trend suggests at least parts of the economy are starting to witness a sea change in how governments are fueling growth. With the share of renewables in the global energy mix increasing, the playing field with hydrocarbons is becoming more even. But until those trends start to spill over to the transportation sector, global ambitions for a low-carbon economy may be stifled. The…

Read more...

More from Commodities

Market Bears Have Devoured Gold Prices

Market Bears Have Devoured Gold Prices

Chevron Falls With Crude After Mizuho Analyst Touts Its Mega-Assets

Chevron Falls With Crude After Mizuho Analyst Touts Its Mega-Assets

Oil Falls as J.P. Morgan Cuts Price Forecast, Producers Ramp Up Drilling

Oil Falls as J.P. Morgan Cuts Price Forecast, Producers Ramp Up Drilling

Gold to Skyrocket as Italian Rebellion Unfolds

Gold to Skyrocket as Italian Rebellion Unfolds

2010-Style Crisis Approaches: Prepare For Flight To Safety

2010-Style Crisis Approaches: Prepare For Flight To Safety