Business Standard

The evolving process of RE

The transition presents threats and opportunities for investors. Obviously vast sums will be spent

solar power, solar energy, green energy, clean energy

Photo: Bloomberg

Devangshu Datta

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Solar power in particular, and renewables in general, may have reached a tipping point in terms of delivering energy at cost-effective prices. Alternatively, the current interest in renewables could be a relatively nascent phenomenon, triggered by fears about fossil-supply disruption.

One could back both these opinions with logic and data. Disruption in the supply of fossil fuel started with the Ukraine war. Fears of more disruption have occurred due to the Israel-Hamas conflict. Economic historians are harking back to the oil crises of 1973 and 1979, when the Organization of Petroleum Exporting Countries flexed its muscles after the Yom Kippur war
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

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First Published: Oct 20 2023 | 10:50 PM IST

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