It's been hard to miss the latest news. The coronavirus spreads! Oil prices plummet! Stock market crashes!
What does all of this have to do with climate and clean energy? A lot, actually.
On Monday, oil prices had their worst day since the 1991 Gulf War, falling 24 percent to around $34 per barrel. So how did we get here? And what does the combination of rock-bottom oil prices and COVID-19 mean for clean energy?
We break it down on this week's episode of Political Climate in an interview with David Livingston, a senior analyst for the political risk consultancy Eurasia Group with a focus on energy and global macroeconomics.
Recommended reading:
- E&E News: EVs, Shale and Trump: 5 Takeaways From the Oil Crash
- WaPo: White House Likely to Pursue Federal Aid for Shale Companies Hit by Oil Shock, Coronavirus Downturn
- GTM: Coronavirus May Challenge Solar Industry’s Tax Credit Strategy
Political Climate is produced in partnership with the USC Schwarzenegger Institute. This episode is brought to you by the nonprofit environmental forum EarthX. Listen and subscribe on Apple Podcasts, Spotify, Stitcher, Google Play or wherever you get podcasts.