Our governments will be running monster deficits this year and probably next year as well. There will be no money for incentives or appetite to suppress the economy further with added taxes. Business is on life support so don't expect money from there either. If anything, this pandemic will slow the transition to cleaner energy sources.
You don’t have a clue what will happen coming out of this. If oil proces stay depressed, it’s probably the perfect time to switch to renewables as there will be much less investment into the industry. This was already happening prior to this.
There will certainly be added taxes to those who can afford it. There is probably no other option, if we want better preparation for this the next time with respect to PPE, medical equipment and all the other shortfalls that have been talked about. As well as dealing with the coming deficit and/or depression.
If you’re making 80+ grand a year, maybe you’ll have to make do with 1 car in the future and a more modest house. Not the end of the world.
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