2020 was meant to be an outstanding year for renewables. So far renewables have been the only source with a growth in demand, whereas coal and oil demand have been hit hard, gas to some extent and electricity demand significantly reduced. But the crisis has triggered a ‘perfect storm’ of conditions favourable to bankruptcy across the energy sector, uncertainty over future electricity demand being one of the them. The pandemic could derail the energy transition as well as the renewable energy’s progress.
The World Energy Council actively contributes the insights needed by energy leaders to make effective strategic, policy and business decisions about the energy transition. Through ongoing surveys of the World Energy Council community, the Council has started to explore what a ‘new normal’ may look like. The information at hand needs to be used to prepare for the post-COVID-19-crisis future by using alternative scenarios when moving forward, preparing the energy community for a new and different context to explore and navigate the future global energy transition.
Opening remarks, Tuula Teeri, President IVA
Johan G. Andersson, Chair WEC Sweden and CEO Swedish Petroleum & Biofuels Institute
Global energy markets post COVID-19, the business perspective - Carl-Henric Svanberg, Chair IVA and Chair Volvo
Moving forward – scenarios and early indications, Angela Wilkinson, Secretary General and CEO, World Energy Council
The role of government in future global energy transition - Sebastian de Toro, State Secretary to the Minister for Energy and Digital Development
The global energy market and the “new normal” - Elin Akinci, Chief analyst and Co-Founder ELS Analysis