The Spanish Flu of 1918 did not respect borders nor social class. In response, Russia, followed by Germany, France and the United Kingdom were amongst the first countries to put centralized public healthcare systems in place. Now, just over 100 years later, the COVID-19 pandemic is radically re-shaping our daily lives, including an area that has needs an urgent update for the 21st Century – our financial lives.
As countries around the world continue to battle the spread of COVID-19, economic forecasts remain grim. The World Bank estimates a 5.2% contraction in our global GDP for 2020.
Access to electricity ensures increased economic productivity, healthcare services and better educational prospects and is thus crucial for socio-economic development. While grid expansion and advances in the distributed Renewable Energy (RE) industry have made significant efforts to reach unserved and under-served populations, several livelihoods, healthcare and educational facilities still lack this vital resource.
We are working to accelerate the transition to a zero-carbon economy by using systems innovation to effect change in whole places and value chains.
Climate change is not a distant possibility. The capacity of the Earth’s system to absorb greenhouse gas emissions is already exhausted. The IPCC Special Report on Global Warming of 1.5°C estimates that human activities have already caused approximately 1.0°C of global warming above pre-industrial levels.
