The losers in a world which no longer runs on fossil fuels are obvious but the dividend from shrugging off hydrocarbon dependency will be spread around most of the world so it is the nations which are winning the cleantech manufacturing and intellectual property race which appear best positioned for the future.
Political support for the idea of linking Covid-19 exit strategies to green policy appears to be mounting in EU institutions. Easter, appropriately enough, may have injected new life into the idea.
Industry body SolarPower Europe hosted a webinar to consider how the global public health crisis will affect solar. While workers and materials are still available, industry experts are concerned about the state of the financial sector. Banks could become more conservative and raise the cost of capital for renewables projects.
Mercom Capital Group has issued a report tallying up financial activity in the solar sector between January and March 2020. The sobering result is that cash flows are down by considerable margins on all metrics.
During an online launch event, a Blade Battery pack was pierced with a nail without becoming unstable or experiencing dangerous high temperatures. The company says the device will be safer during car accidents.
The economic fallout of the Covid-19 outbreak is yet to be determined but as legislators scramble to establish fiscal support for the EU it is becoming clear the suits in Brussels are not prepared to scrap their hard-won Green Deal plan. Quite the opposite, in fact.
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