According to the International Energy Agency, the coronavirus pandemic has led to the largest decline of global energy investment in history, with potentially serious implications for energy security and clean energy transitions. The dramatic drop in energy demand has left companies, and governments, with the complex task of developing contingency plans for coping with the turmoil whilst positioning themselves take advantage of opportunities once the Covid pandemic is behind us.
On July 8th The Energy Roundtable’s virtual event on Power & Utilities provided a detailed review of the changes brought about by Covid 19 and the implications for power and utility markets in Canada.
Topics included:
Will we see industry consolidation in the power and utilities sector?
Where will stimulus spending flow into the power and utilities sector?
What the dramatic decrease in energy usage mean for newer market entrants, including renewable developers.
The reduction in the price of gas (and demand) for automobiles and the consequences for EVs and electrification in general.
Will the downturn accelerate digitalization and the deployment of energy technologies across industry, or will reduced capital budgets mean the opposite will occur?
Implications for the emissions cutting agenda given the destruction of energy demand and the postponement of the November COP conference in Glasgow
Impact of the Covid crisis on supply chains in the power and utilities sector.
