guardian article
Power of green
The roadmap to a green recovery begins with renewable energy
If governments and companies collaborate better, global net-zero targets could be within reach
The coronavirus pandemic that plunged the global economy into its worst recession in decades is compelling governments to plan for a long-term green recovery.
A good place to start? Investing in green energy to create clean-energy jobs and rejuvenate local communities .
“This is a live stress test,” says Nick Robins, professor in practice for sustainable finance at LSE’s Grantham Research Institute. People have [already] committed to net-zero emissions. We need to make the transition anyway. So, how do we think through the consequences of getting to a clean economy now?”
A green – and economically viable – path
Fossil fuels currently represent more than 80% of primary energy demand and cause roughly 75% of global carbon emissions. The journey to global net zero emissions in 2050 is technically and economically feasible, says Laëtitia de Villepin, head of thought leadership at the Energy Transitions Commission, but requires concerted effort by the public and private sectors.
The story of Grimsby illustrates how offshore wind can pave the way for economic resilience. It used to be that people flocked to the northern English town to work in the fishing industry. Once the industry began its long decline in the mid-1980s, local jobs dried up, along with many other aspects of life in the coastal town. But these days, the old fishing port is gaining a reputation for a different kind of business altogether: renewable energy.
The tide began to turn for Grimsby a few years ago when global energy companies like Siemens and Denmark-headquartered Ørsted began investing heavily in the area. Offshore windfarm development has translated into around 2.5 gigawatts of clean, sustainable energy from Ørsted on the UK’s East coast alone – enough to power over 2 million homes across the country – and local employment and educational opportunities.
source-guardian
The roadmap to a green recovery begins with renewable energy
If governments and companies collaborate better, global net-zero targets could be within reach
The coronavirus pandemic that plunged the global economy into its worst recession in decades is compelling governments to plan for a long-term green recovery.
A good place to start? Investing in green energy to create clean-energy jobs and rejuvenate local communities .
“This is a live stress test,” says Nick Robins, professor in practice for sustainable finance at LSE’s Grantham Research Institute. People have [already] committed to net-zero emissions. We need to make the transition anyway. So, how do we think through the consequences of getting to a clean economy now?”
A green – and economically viable – path
Fossil fuels currently represent more than 80% of primary energy demand and cause roughly 75% of global carbon emissions. The journey to global net zero emissions in 2050 is technically and economically feasible, says Laëtitia de Villepin, head of thought leadership at the Energy Transitions Commission, but requires concerted effort by the public and private sectors.
The story of Grimsby illustrates how offshore wind can pave the way for economic resilience. It used to be that people flocked to the northern English town to work in the fishing industry. Once the industry began its long decline in the mid-1980s, local jobs dried up, along with many other aspects of life in the coastal town. But these days, the old fishing port is gaining a reputation for a different kind of business altogether: renewable energy.
The tide began to turn for Grimsby a few years ago when global energy companies like Siemens and Denmark-headquartered Ørsted began investing heavily in the area. Offshore windfarm development has translated into around 2.5 gigawatts of clean, sustainable energy from Ørsted on the UK’s East coast alone – enough to power over 2 million homes across the country – and local employment and educational opportunities.
source-guardian
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