Solar Energy

The side effects of Covid-19 on our global economy

Many of life’s failures are people who did not realize how close they were to success when they gave up.

– Thomas Edison.

When someone tries to predict the future, the prognosis can be incredibly challenging, especially in times of a global pandemic. Particularly this year, governments around the world find this same future looking more confusing and uncertain, more so than any other time in our lives. COVID-19 has brought extreme measures to try retaining global financial crisis. Before the virus spread, the American economy continued its growth through the financial crisis for years prior to this pandemic. Experts look at this year in comparison with the Great Depression, evidence that shows how rocky the road to recovery could be.

Solar leaders are constantly seeking to provide a pathway that offers achievable hope, placing their emphasis upon practical possibilities and the capacity of solar energy. They look to offer realistic pathways to enhance the actions and plans of the developers and EPC’s, to continue building and eventually completing their projects.

A key element of this is the completion of developments and new project installations, offering a greater resiliency than what they currently have. The requirement for additional energy like solar production through new installations can offer capacity to diminish the reliability of fossil fuels.

While the world continues to struggle with the virus, many of us look ahead to the years of 2021-2023 to post-covid-19 recovery. The main goal is too slow the curve and figure out how to shift things to a ‘new normal’. Maintaining community health and safety has been a central focus of essentially every state, city, and town throughout the United States during the first half of 2020. With the outbreak now partially under control in some states, the risk of a “second wave”, that is if ever-present, is now shifting the focus to the huge work of economic recovery.

 If you have two months before requiring modules please let us know, and we will remove all risk by auditing your order from BOM through delivery.

The recovery plan will certainly not happen overnight. In fact, it is recognized by many communities that it will require at least until the end of the year to review budgets. Each local government has set a plan to develop new guidelines and regulations that will form the basis of living and working in the post-coronavirus world. There is a collective aspiration to begin real rebuilding in 2020. However, for many of these states, the timeline is simply complicated to meet. Within the Fourth and Fifth phases, there are other variables which includes the re-opening of businesses outside the essential industries and how to safely approach in-person meetings with friends, family and business associates. At the same time, our scientists continue to work exhaust less in finding a successful vaccine or the real cure to the coronavirus.

A substantial economic reform is likely to stretch well beyond the time-period of 2021–2023. The events of 2020 will generate a new readiness among economic stakeholders to work in collaboration with the federal government in pursuing substantial economic reform to better respond to the pandemic. But there is the reality that many industries are knocking upon the federal government’s doors seeking to influence national priorities and obtain emergency financial assistance. Each of us has our part in this pandemic which starts with social distancing, wearing a mask, washing our hands often and being conscious of others, so we as a country can completely reopen and prosper as we have for the last 80 years.

If you have any questions please contact Karlita or Robert, and we will gladly assist you?

Leave a Reply

Your email address will not be published. Required fields are marked *