Wind power will be a key building block for economic recovery

Foto cortesía de Ingeteam

Signatories representing all the major wind industry corporates and associations across the world have released a statement highlighting wind power’s role in the global economic recovery following the COVID-19 crisis and laying out the key policy actions that must be put into motion in order to realise a sustainable economic recovery.

Wind power is a key building block for economic recovery from the impact of COVID-19, which will enable governments to renew critical infrastructure for a sustainable future. The wind industry will help to deliver jobs, clean and affordable power and energy security needed for a sustainable economic recovery.

The COVID-19 pandemic has had unprecedented social and economic impact around the world, and how we recover from the crisis depends on the actions that we all take over the coming months. We have the opportunity here to ‘re-build back better’, help kick-start sustainable economic recovery, and build the energy infrastructure of the future.

Wind energy is one of the fastest growing industries in the world, and could create nearly 4 million direct and indirect jobs as well as between $207bn or over $2tn of additional annual investments if wind capacity rises above 2TW.

Investments in wind and other renewable energy sources are vital to create the infrastructure of the future to build more resilient and sustainable economies, while providing countries and citizens with more affordable energy, lower carbon emissions, greater energy security, and alleviating debt burden on young people.

Governments should introduce clear criteria that investment schemes for public and private bodies are built upon the principle of “No Harm” for society and the environment.

The statement calls on governments, intergovernmental bodies, and global lending institutions to put wind energy investment at the centre of their economic recovery and growth plans by taking key actions outlined in the statement.

The statement has been signed by the major corporates in the wind sector including Vestas, Siemens Gamesa, Iberdrola, Mingyang Smart Energy, MHI Vestas, Acciona, Nordex, ReNew Power, EDPR, ZF, Orsted, Goldwind, Envision as well as wind and renewable energy associations such as GWEC, WindEurope, American Wind Energy Association (AWEA), Spanish Wind Energy Association (AEE), Chinese Wind Energy Association (CWEA), Brazilian Wind Energy Association (ABEEolica), Mexican Wind Energy Association (AMDEE), RES4Africa, South African Wind Energy Association (SAWEA), Japan Wind Power Association (JWPA), Russian Association of Wind Power Industry (RAWI), Japan Renewable Energy Institute (REI), Mongolian Wind Energy Association ( MONWEA), and the Turkish Wind Energy Association (TUREB/TWEA).