How the 2008 financial meltdown shaped clean energy

“Ten years ago this week, stock markets around the world cratered as fears grew that the global economy was headed into a deep, dark recession. Alan Greenspan called it “a once-in-a-century credit tsunami.”

The drama was high in energy. Oil prices collapsed. Carbon prices cratered. Capital dried up. The burgeoning renewables sector looked like it was about to get crushed before it really got started. But then governments stepped in — creating an opportunity for renewables and shale gas.”

Click here to read more from Green Tech Media.

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