What Will Power The Post-Pandemic Global Economic Recovery?

As governments try to kick-start their economies, the UN is calling for recovery plans to be built around low-carbon technologies, to avoid a return to fossil fuel-based business as usual. Some of the countries and regions at the forefront of this wholescale shift to renewables are islands, where the need to avoid the significant cost of importing fossil fuels, such as oil and gas, provides added motivation. As economies recover post-pandemic, following these examples will be essential to turn the tide and, as a new report from REN21 – a renewable energy think tank that includes the UN Environment Programme (UNEP) and UN Development Programme (UNDP) amongst its members – shows, remarkable progress has been made by the renewable energy industry, where costs are falling, and clean energy use is increase. The economic slowdown resulting from the COVID-19 pandemic has seen a significant fall in harmful greenhouse emissions and, according to the International Energy Agency (IEA), 2020 will see a drop of around eight per cent. 

By UN News. June 27, 2020.

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