A Global Recovery Script, Starring New Energy

Recovery packages must make clean-energy a cornerstone of the new global economy; As Covid-19 restrictions ease, Europe is working on its recovery script, with renewables in the starring role

Remi Gruet, 11 May 2020 (RECharge)

“…[Europe’s recovery script, with renewables cast in the starring role, is expected to include loans for commercial investments and] grants for new renewable technologies…[Its two messages are] ‘green’ means economic development…[and] we need new, flexible renewables technologies…[Studies show] clean-energy investments deliver higher returns, in both the short and long term, than conventional fiscal stimulus…

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…[All recent major models of the future energy system] show Europe running on between 80-100% renewable energy in 2050…In other parts of the world, the future share of renewables is still anticipated to be well above 50-60%...Mature renewables like wind power and PV will generate the bulk of low-cost, emissions-free energy for consumers…[and] now is the moment to widely deploy a second-generation of renewables…” click here for more

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