COVID-19 Impact on the Global Energy Sector

COVID-19 Impact on the Global Energy Sector

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Nandakumar Janardhanan

The COVID-19 outbreak has unveiled the soft underbelly of the global economy and the world energy market. The nationwide lockdown announced in several countries has significant impacts on the power sector development. Facilitating clean energy access to the poorest sections of society has been undeniably hampered due to this. Not only the equipment manufacturing related to the renewable energy sector but also the deployment of these facilities will not be easily recovered as all the segments of renewable energy value chain began to face the crisis in terms of economy and human resources. This raises critical questions about the world's ambition to develop a greener, cleaner and sustainable society propelled by the energy transition.


Can the current slowdown in the global economy and energy sector development offer more environmental benefits than what the clean energy initiatives of different countries could offer in the long term?