Double whammy of corona and crude oil prices on renewable energy sector
Covid-19 is pushing many sectors into uncharted waters. As the chorus for social distancing rose across the globe, many governments imposed stringent containment measures.
Covid-19 is pushing many sectors into uncharted waters. As the chorus for social distancing rose across the globe, many governments imposed stringent containment measures.
To meet climate goals and avoid further market chaos, governments need to plan the decline of coal, oil and gas production, with support for workers.
There is an imminent threat of claims arising from emergency measures, so countries should review how investor-state disputes are handled.
In reviving its economy post-COVID-19, India could turn a crisis into an opportunity by resetting its energy spending to favour clean energy, enabling citizens to continue enjoying the unprecedented clean air and blue skies bestowed by the lockdown.
When we focus on developing countries, only 19 percent of climate finance from OECD countries to developing countries goes toward adaptation. While this is better than the global average, it’s still far below what has been promised and what is needed.