The results from the Paris conference were unexpected and extremely promising for renewables for the future. This aggressive move by world leaders will serve for the betterment of future generators.
What will suffer, however, is the oil industry.
With the results of the Paris deal showing a commitment to stopping global warming prior to the 2 degree disaster temperature, a massive hit to the oil industry has been delivered. It is speculated that over the next 20 years, a revenue loss of 22 trillion US dollars will occur in the oil sector.
Additionally, the coal and gas sectors will suffer massive hits as well. In all, all non-renewables will suffer a grand total loss of 33 trillion US dollars from business as usual.
This pressure from world powers will offer a boom to the renewables sector. Solar powered, green homes will rapidly become the future.
With the world powers becoming energy aware, isn’t it time that you went solar? Sign up for a free home project quote today!