Build back better with solar: accelerating PV development in the post-COVID economy – possible scenarios in the near and the long term
“Build back better” is fast becoming a hashtag-friendly mantra for the need to seize the opportunity presented by the COVID-19 pandemic, despite the suffering and tragedy it has inflicted, and put in place policies and actions to boost sustainable development.
The World Bank has estimated, for example, that low- and middle-income countries alone could see a $4.2 trillion boost from investing in infrastructure that prioritizes future-focused resilience – a return of $4 for every $1 invested. The COP26 Universities Network, meanwhile, recently highlighted that the labor intensity of building and installing renewable energy infrastructure means it creates twice as many jobs per dollar as fossil fuel investments.
Rebuilding a greener economy through investment in solar energy would bring social and economic benefits as well as accelerate the fight against the climate emergency. Putting a price on emissions through a “carbon tax” or similar mechanism may create an incentive to pursue climate-friendly investments internationally and across all sectors of activity.
In this webinar, we’ll explore the role that solar energy can play in the post-COVID economy, the kind of policy measures that would boost the sector in the short and medium term and the positive effects this solar-friendly scenario would have for our societies globally.
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