The impacts of the coronavirus on the economy will be severe and long-lasting and many things will not be the same as they were before. The “new normal” will be shaped by a heightened concern over citizens’ health. It will require even more demanding standards as regards sustainability, respect for biodiversity and the environment that do not coincide with the principle of technological neutrality as called for by the oil, gas and automotive industry.
For the first time in history, renewable energy and energy efficiency are competing with fossil fuels in a crisis shaped by the collapse in the oil and gas prices. According to The Wall Street Journal analysis, as the oil industry faces ongoing disaster, the renewables sector is growing in immunity and maturity.
Javier García Breva, Energy Business Models Consultant