INSIGHTS FROM PICO ANALYTICS
Sustainable Finance News and Insights to help you navigate the current financial climate.
Pico Analytics Fortnightly Newsletter: Eight Billion People and Counting Edition
As the global population tops eight billion we are facing challenges few of us would have envisioned even ten years ago. Food and water insecurity are already prevalent in "hunger hotspots" across the globe with famine threatening people from the Horn of Africa to Afghanistan. The impacts of war and violence are bleeding across national borders and migration is on the rise. The cost-of-living crisis is forcing families to choose between heating or eating and in some cases not being able to do either, instead being forced to rely on the charitable donations of others. Accessing basic resources is rapidly becoming a battle ground as affordability slips through the fingers of the general public, whilst political infighting leaves national economies in tatters. Meanwhile, climate change lingers over us exacerbating every crisis yet further leading to increased gender-based violence, displacement and malnutrition amongst children and adults alike. Yet, we continue our current path, patting ourselves on the back for making compromises at Cop27, or remembering to take the recycling out and all the while either forgetting about or failing to appreciate the bigger picture.
Solar Power - A Stepping-Stone To A Brighter Future
Today the sight of solar panels on the roofs of homes, universities and even businesses is becoming increasingly common. Yet, many remain confused by how solar panels work and continue to feel discouraged from introducing them into their energy supply chain due to the high price tag associated with installation. Uptake has been gradual, and their effectiveness remains questionable in countries such as the UK where temperamental weather patterns are at play. However, in nations and regions that experience steady sunshine solar panels can provide green energy, sustainable jobs, additional income from power sold back into the national grid, and access to electricity for remote communities who were previously living off grid.
