<p><span>1. Multiple compounding crises have severely darkened the global economic outlook and development prospects. Global growth is slowing, and poverty, hunger, water scarcity, cost of living pressures and food and energy insecurity have increased alarmingly, deepening the existing challenges in the global economy as well as exacerbating fragilities in Fragile and Conflict-Affected States (FCS). Persistently high inflation and spikes in food and energy prices, exacerbated by the conflict in Ukraine, have disproportionately harmed vulnerable households and the poor. Downside risks to prospective growth have risen leading to fears of a global recession.</span></p>
The great inventor Thomas Edison once said, "So long as the sun shines, man will be able to develop power in abundance." His wasn't the first great mind to marvel at the notion of harnessing the power of the sun; for centuries inventors have been pondering and perfecting the way to harvest solar energy.