There are times that go down in history. In the wake of the pandemic sweeping the four corners of the globe, the world's economies have fallen into a recession that is only comparable with the Great Depression of the 1930s. The health crisis has prompted governments around the world to focus primarily on the health sector and economic recovery. However, the future is just around the corner and the changes brought about by the outbreak of the pandemic are already transforming energy, industry, the renewable energy sector and the technological capacity to create solutions.
It's a race against the clock. As in all sectors, the duration of the pandemic will determine the time needed for the energy sector to recover. At the same time, the pressure to find new approaches is increasing and refining the creativity and technological development capable of minimising the impacts of the virus on human existence. History will register a line marking a “pre” and “post” covid-19.
The annual report published by the International Energy Agency (IEA) states that the fall in the demand for energy will lead to a reduction in CO2 emissions of around 2.5 Giga-tons, around 8% less than in 2019. If this actually occurs, it will be the lowest level since 2010. In a new study, the IEA assesses the consequences of the pandemic and proposes measures to be adopted by the governments of each country for a sustainable and balanced recovery. There follows a diagnosis of the sector in light of the crisis arising from the pandemic and some approaches for the near future.
