BNP Paribas AM: Will recession have an influence on the energy transition?
The can be harder to receive financial support for a project regarding renewable energy. Either way, the climate crisis isn’t going away. Yes, the emission are dropped temporarily, but don’t forget that CO2 remains in the atmosphere for centuries and that the emission was never as high as in 2019. So that is what we call decreasing our footprint.
As soon as the COVID-19 pandemic stabilizes and economies will start to recover, which they should have done for the past few months, emissions will recover as well. Storms, fires and floods will not stop at all.