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Increased energy demand will accompany the recovery from the COVID-19 pandemic, but if this recovery is met by hydrocarbons, the subsequent acceleration of climate change and accompanying domestic, international, and migration conflicts will dwarf the damage caused by COVID-19. This paper presents a means by which development of renewable energy systems can meet energy and employment needs and be financed through investments by hydrocarbon companies in lieu of carbon taxes and long-term visionary governments. The oceans figure prominently in sustainably emerging and setting a course to a bright future for all. Specific technology examples are provided with suggestions for short- and long-term development projects and strategies.
We invite you to join the 2020 MIT ILP Regional Webinar Series to engage and explore topics with our experts, including opportunities to interact with academics and global ILP member executives, to drive national and international economic growth through innovation and entrepreneurship in each covered field.