Action on climate change can provide a shot in the arm for the global economy, economist says

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An employee with Ipsun Solar installs solar panels on the roof of the Peace Lutheran Church in Alexandria, Virginia on May 17, 2021.Andrew Caballero-Reynolds | AFP | Getty ImagesRamping up investment in policies and technologies to tackle climate change could play a significant role in the global economy's recovery from the coronavirus pandemic.In a recent note, Charles Dumas, chief economist at U.K.-based investment research firm TS Lombard, said that action on climate change is often criticized as moving too slowly. However, with governments increasing spending to aid their post-Covid economies, they may start catching up. A key tenet of this is the ever-decreasing cost of electricity per megawatt hour, according to figures from TS Lombard, with costs of solar, offshore and onshore wind dropping over the last 10 years, while gas and coal have remained largely the same."Effectively by 2030 the cost of renewable electricity is going to be half that of coal and gas sourced ele
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