How the renewable energy industry is battling the impact of coronavirus

GLOBAL RENEWABLE NEWS | When the coronavirus pandemic broke, raising fears of a massive slump to follow, the big worry for climate action was that the struggle for economic recovery might halt global efforts to develop green renewable energy and move to a carbon-neutral future by mid-century.


Sharp drops in fossil fuel prices as the crisis hit made them suddenly competitive again with ever-falling renewables prices. Demand for energy fell, too, as factories and businesses stopped work.


All this made it likelier that hard-pressed governments would stop investing in newer, cleaner energy technologies, and just stick with the polluting fuels of the past as they tried to get their economies working again.


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