Over the past few weeks, the COVID-19 pandemic has caused significant macroeconomic turbulence, with many questioning not if we are on the brink of a global recession, but when.
While the clean energy and environment-focused sectors have so far fared slightly better than their resources-driven counterparts, cracks are starting to emerge.
Investment in the clean energy sector has been slowing for a few years now, after peaking in 2017. This is a situation that is only set to worsen as the impact of COVID-19 continues to squeeze liquidity conditions. Energy research company Rystad Energy warns this could lead to a complete halt in the growth rate of renewable energy installations.