Solar is expected to account for 60% of new renewable capacity additions by 2025 as it records stable growth in 2020.
A new study has shown global carbon dioxide emissions fell by 8.8 per cent in the first six months of this year, the biggest ever drop for a first half-year period, due to the effects of coronavirus-related restrictions.
Governments have already announced $11.8 trillion in fiscal stimulus in response to the COVID-19 health and economic crisis, more than three times the amount spent in response to the Great Recession of 2008-09. While most of it will prioritize healthcare and direct support to the unemployed, about 30% of stimulus packages are being spent in sectors that impact the environment.
The International Energy Agency (IEA) has urged world countries to drive a doubling of renewable investment this decade, helping reverse a flatlining aggravated by the COVID-19 outbreak.