New Study touts impact of COVID lockdowns: ‘Recessions & crises result in a permanent…increase in energy efficiency’ & boost renewable energy! – Published in journal Energy Economics
https://www.sciencedirect.com/science/article/abs/pii/S0140988323006187
Energy Economics – Available online 21 October 2023, 107120
Excerpt: “The aim of this paper is to explore the possibility that crises provide a window of opportunity for greener energy and increase the share of renewable energy.” …
“The empirical analysis confirms that growth slowdowns, including those engendered by pandemics and financial crises, result in a permanent increase in energy efficiency and a corresponding decline in the energy intensity of output, with a disproportionate impact on dirty energy.”
