The coming recession is the best reason to step up the pace of renewables investment | Frank Jotzo

It will not do to wait until the next power plant announces its closure. Building alternative infrastructure should start nowThe Covid-19 recession will bring fiscal stimulus on a massive scale. There are high hopes that the recovery will be green but it could be an uphill struggle. A big opportunity for Australia's governments is to keep the renewable energy revolution going.There will be pressure to invest in anything that quickly brings back jobs and prosperity, never mind long term, social or environmental goals. A return to the world as it was in 2019 will seem a marvellous goal for the many people whose jobs have gone or whose businesses have faltered. In order to improve the economy relative to pre-Covid, to build back better, will need governments to lead. Continue reading...