In the wake of the pandemic, policymakers, investors and business leaders are faced with the dual challenge of reviving economies and meeting long-term climate goals. There are a rising number of calls for green policies to avoid carbon-intensive spending as governments prepare stimulus packages aimed at averting a prolonged recession. Efforts to fight climate change are at the heart of the European Commission’s recently-announced recovery plan. Increasingly, the establishment of resilient, sustainable energy systems are being recognised as a precondition to a stable long-term recovery, economic growth and a climate-safe future.
Over the past decade, consistent cost declines in renewables have made them competitive with the cheapest fossil fuels for power generation. In fact, according to the International Renewable Energy Agency’s (IRENA) latest cost analysis, up to 1 200 gigawatts (GW) of existing coal capacity could cost more to operate than the cost of new utility-scale solar PV. How does this position renewable energy as a driver in the economic recovery? What stimulus policies and government action will help accelerate the energy transition?
The Financial Times is hosting this live interactive webinar to dive deep into the policy recommendations, strategies and investment needed to achieve a sustainable economic recovery. Francesco La Camera, Director-General of the global authority on the energy transformation, the International Renewable Energy Agency (IRENA), will present the organisation’s Post-COVID Recovery Report and will be interviewed by Leslie Hook, Environment and Clean Energy Correspondent, Financial Times.