Source: Green Recovery, economic recovery is green – Iberdrola
What is the Green Recovery?
The Green Recovery is the name given to a series of economic recovery measures aligned with achieving long-term climate change and sustainability objectives, to move toward a sustainable and economic model for the planet, which is both more resilient and inclusive.
European alliance for a Green Recovery
This alliance includes a wide range of actors at the European level and has been signed by ministers, MPs from all parties, CEOs, NGOs, academics, etc. It is being driven by Pascal Canfin (European Parliament) and advocates defining and implementing green economic recovery packages to act as accelerators of the transition towards climate neutrality and healthy ecosystems.
Iberdrola, which has supported the Green Deal from the start, considers that this agreement will make it possible to take up the opportunities that come with the fight against climate change and improve countries’ competitiveness. By putting decarbonisation and digitalisation at the centre of its policies, it is encouraging investment in renewable energies which are cleaner, safer and more affordable and lead to the creation of high-quality long-term jobs, as well as reducing air pollution and, therefore, improving citizen health.
European alliance for a Green Recovery
This alliance includes a wide range of actors at the European level and has been signed by ministers, MPs from all parties, CEOs, NGOs, academics, etc. It is being driven by Pascal Canfin (European Parliament) and advocates defining and implementing green economic recovery packages to act as accelerators of the transition towards climate neutrality and healthy ecosystems.
Iberdrola, which has supported the Green Deal from the start, considers that this agreement will make it possible to take up the opportunities that come with the fight against climate change and improve countries’ competitiveness. By putting decarbonisation and digitalisation at the centre of its policies, it is encouraging investment in renewable energies which are cleaner, safer and more affordable and lead to the creation of high-quality long-term jobs, as well as reducing air pollution and, therefore, improving citizen health.
How can renewable energies contribute to the post-COVID-19 economic recovery?
The principles of a green recovery are based on aligning economic recovery measures with attaining medium-and long-term climate change mitigation and sustainability goals. Renewable energies do both. They are currently a source of employment for more than 11 million people around the world and a key sector in the decarbonisation of the economy and achieving climate objectives. The current project portfolio would make it possible to accelerate investments and increase projects in the short term. The sector is undergoing a technological revolution and cost reductions and technical improvements are making renewables increasingly competitive, so that accelerating these investments requires less support from budgets. Additionally, by investing in indigenous sources of generation such as wind and solar energy, the dependence on foreign energy is reduced, which results in significant improvements in the external balance and creates a sustainable industrial fabric for the future. Also, by replacing more polluting technologies, investment in renewable energies will improve air quality levels and as a result, health.