Wednesday
November 4
2020

Analysis: How Emerging Markets Can Become Green Economies

By Isha Vashist

COVID-19 has hit the fossil fuel industry hard. Throughout the pandemic, renewables seemed to offer a better dependable alternative to fossil fuels. Minimum disruption to the supply of renewables was due to the ease of set-up and remote operations.

However, in the case of fossil energy, disruption was more evident as it requires direct human management. With the benefits of renewable energy increasingly evident, a post-pandemic transition to a greener economy is gaining a lot of popularity among the government, corporates, and the public.

Bringing renewable energy to the forefront has both short-term and long-term benefits. The short-term benefits would lead to economic activation and job creation and, the long-term benefits would result in a more sustainable and environment-friendly fuel with lower/Zero carbon footprint.

Photo courtesy of andreas160578.

Source: e27 (link opens in a new window)

Categories
Energy, Investing
Tags
emerging markets, green business, impact investing, renewable energy, scale, sustainability