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A recent survey, conducted by Energy Live News, reveals that 22% of businesses believe the coronavirus pandemic will curb their net-zero plans.
The survey, consisting of 215 participants, found that of those businesses negatively affected by the virus, 51% said they didn’t know how long their net-zero plans will be postponed for, while 25.5% predicted at least a one-year delay.
Respondents of the survey were mostly in small and medium-sized enterprises (SMEs), or in very large corporates – with less feedback from mid-market businesses.
Achieving net-zero status as a nation will contribute to the global effort to slow the escalation of climate change. On top of this, if companies don’t jump on the net-zero bandwagon soon, they’re likely to suffer financially.
Before the coronavirus pandemic, bank governor Mark Carney stated: “There will also be [companies] that lag behind, and they will be punished. […] Companies that don’t adapt will go bankrupt, without question.”
But it’s not all bad news. Although the post-pandemic economy is predicted to suffer substantially, according to the survey, 78% of businesses believe this is the perfect opportunity to capitalise on net-zero plans. The government is similarly strategising green initiatives for a coronavirus recovery.
So, it’s comforting to know that while lockdown starts to ease, we’re all working towards the same green goal.
