How Renewables Could Power Britain’s Economic Recovery Post-Pandemic.
It’s no secret that this pandemic has hit the economy hard, but maybe now is the right time to start focusing on its recovery…
Did you know that levels of solar and renewable energy usage differ significantly across the UK?
Analysis of the latest feed-in tariff statistics from BEIS shows which towns and cities have the highest proportion of ‘green homes’.
Right at the top of the list is Peterborough, with 11% of households having Solar PV installations, with Stirling and Wrexham, coming in second and third at 10.1% and 7.3% green energy usage respectively.
In London however, the number of Solar PV installations dramatically fall. Together with Tower Hamlets and Westminster, Kensington and Chelsea can only boast 0.2% Solar PV installations.
With a consistently high level of public support for renewables, there is so much potential for these numbers to increase throughout the UK, and with the latest Public Attitudes Tracker, (published quarterly by the BEIS) showing that 82% of people support the use of renewable energy, while only 2% oppose it…. who could argue?
Alongside this, constant research and development mean that renewable energy installation is becoming more available and can be fitted to a broader variety of property types, both in rural and more build up areas, making it a more plausible option wherever you live.
Economic Recovery
At a time when huge swaths of the UK economy are suffering from the coronavirus downturn, one sector is having a relatively good crisis: renewable energy.
A new record for sun power was set in April — with solar farms powering nearly 30 per cent of the grid at their peak, due to bright weather and low pollution.
Analysts, economists, and environmentalists argue that the renewable energy industry could play a greater role, powering a green economic recovery too.
“Britain’s clean energy sector proved this point in the wake of the 2009 financial crisis and the Confederation of British Industry calculated that the green economy contributed a third of the UK’s economic growth in 2010-11”. - The Guardian
Continually plummeting technology costs, along with the UK’s commitment to pursuing at carbon-neutral economy by 2050, have given investors far more certainty than in the past.
This investment in new renewables will stimulate growth and employment as the economy recovers from the impacts of the virus.
The future is definitely bright for solar PV!
Thank you to Segen LTD for contributing to this content