0

By Johnny Wood What does COVID-19 mean for the energy transition? While lockdowns have caused a temporary fall in CO2 emissions, the pandemic risks derailing recent progress in addressing the world’s energy challenges. The current state of the sector is described in the World Economic Forum’s Energy Transition Index 2020 . It benchmarks the energy systems of 115 economies, highlighting the leading players in the race to net-zero emissions, as well as those with work to do. With pressure to get idle economies back to "normal," the short-term shift to a more sustainable energy sector could be in doubt. But the current crisis also presents an opportunity to rethink how our energy needs are met, and consider the long-term impact on the planet. Unprecedented Change The past decade has seen rapid transformations as countries move towards clean energy generation, supply and consumption. Coal-fired power plants have been retired, as reliance on natural gas and emissions-free renewable energy sources increases. Incremental gains have been made from carbon pricing initiatives. Since 2015, 94 of 115 countries have improved their combined score on the Energy Translation Index (ETI), which analyzes each country’s readiness to adopt clean energy using three criteria: energy access […]

0

LEAVE A REPLY

Please enter your comment!
Please enter your name here