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The COVID-19 pandemic is a global health crisis that has major implications for world economies, energy use and CO2 emissions. According to the IEA’s World Energy Outlook 2020 report, the immediate effects of the pandemic on the energy system shows expected falls in 2020 of 5% in global energy demand, 7% in energy-related CO2 emissions and 18% in energy investment. Oil consumption is anticipated to decline by 8% and coal use by 7%. However, as with previous crises, the rebound in emissions may be larger than the decline, unless the wave of investments to restart economies is dedicated to cleaner and more resilient energy infrastructure. Decarbonizing energy use in time to avert catastrophic climate change requires increased international cooperation. Recovery measures following COVID-19 pandemic could include flexible power grids, efficiency solutions, electric vehicle charging, energy storage, interconnected hydropower, green hydrogen and other technology investments consistent with long-term energy and climate sustainability.
In line with the Sustainable Development Goals (SDGs), there is a global movement to address these challenges by substantially increasing investment in renewable energy technologies and implementation, doubling the rate of improvement to energy efficiency, and changing user behaviours, with the aim to achieve absolute decoupling between energy consumption and economic growth.
Created a Post in Green Recovery from COVID-19, Energy, Industry and Entrepreneurship
Morocco has launched a new $100 million Green Growth program to support SMEs in greening their production processes. This features as part of their 2021-2023 industrial recovery plan.
Created a Post in Energy, Sustainable Finance, Industry and Entrepreneurship
If you haven't seen it already definitely worth checking out the MIT Technology Review's Green Future Index which ranks the progress and commitment of 76 countries toward building a low carbon future.
Created a Post in Climate Change, Energy, Industry and Entrepreneurship
As cleaner energy alternatives continue to replace fossil fuels, a large-scale federal #JustTransition policy with funding for retraining and relocation is needed in the United States. Rehabilitating abandoned coal mines, which requires a sizable and well-trained workforce, can be a key component.
Created an Event in Energy
Created a Post in Energy
It turns out that office energy use is at 90% of pre-pandemic levels, despite the spaces being almost empty. This is contractual obligations to have heating, ventilation, and air conditioning running during normal work hours to ensure long-term functionality, among others. Is there a way to implement a more sustainable practice?
Created an Event in Energy, Green Recovery from COVID-19, Blue Economy
The Revolution Will Be Retrofitted: The future of energy efficiency in Canada
Created a Post in Agriculture, Green Recovery from COVID-19, Energy
A new WRI blog highlights Nigeria's Sustainable COVID-19 Recovery -- In addition to removing fossil fuel subsidies, the government's $5.9 billion (N23 trillion, or 1% of GDP) Economic Sustainability Plan (https://budgetoffice.gov.ng/index.php/nigeria-economic-sustainability-p…) invests in clean energy, agriculture, and infrastructure, including: * US$619 million to the Solar Homes Systems Project, which is anticipated to cover about 5 million households, along with providing monetary incentives for private solar installers; * A National MSME Survival Fund, of which 60% is reserved for women entrepreneurs; * An agricultural program to significantly increase the acreage under cultivation, which has the potential to incorporate climate-smart strategies and practices such as drought-resistant crops and sustainable land and water management
Created a Post in Energy, Industry and Entrepreneurship
Cooling systems are emerging as one of the leading contributors to global warming. Industry needs to pay more attention to the growing demand for cooling, as simple and often low-cost solutions can dramatically reduce industry energy bills and emissions. Download UNIDO's Industrial Cooling Knowledge Kit to learn more:
Without electricity, you’re powerless in today’s global economy. Distributed energy provides a pathway to economic inclusion and prosperity, this can be done through grid infrastructure. Explore an initiative led by the Rockefeller Foundation, Sustainable Energy for All and Rocky Mountain Institute (RMI) to tackle energy poverty and join the movement.