As Covid-19 restrictions begin to ease in many countries, Europe is actively working on its recovery script, with renewables cast in the starring role. The recently announced European recovery fund is expected to invest massively in the green transition: this could include loans for commercial investments, as well as potential grants for new renewable technologies.
This emphasis on renewables sends two clear messages: one, in 2020, ‘green’ means economic development; and, two, we need new, flexible renewables technologies – including those classed as ‘ocean energy’ – alongside large volumes of wind and PV, to help match electricity supply with demand.
Many voices have joined the call for a climate-centred approach to economic recovery packages. Analysis from the Smith School of Enterprise and Environment at the