COVID-19 will slow the global shift to renewable energy, but can’t stop it
Shutdown in Seattle to slow the spread of coronavirus empties the streets, March 26, 2020. Less economic activity means less revenue for utilities. AP Photo/Ted S. Warren By Peter Fox-Penner, Boston University The renewable energy industry, which until recently was projected to enjoy rapid growth, has run into stiff headwinds as a result of three era-defining events: the COVID-19 pandemic, the resulting global financial contraction and a collapse in oil prices. These are interrelated, mutually reinforcing events. It’s much too…