Ed’s note: The long-term impact of a pandemic


The International Energy Agency released its annual World Energy Investment 2020 report in May and noted that 2020 will see the single largest drop in energy investment in history!

The Covid-19 pandemic has been blamed in large part for the drop in investment and the Agency has warned that it could impact severely on energy security and the energy transition.

It has been predicted that investment in the global energy market could fall by as much as 20% this year - amounting to almost $400 billion. The obvious impact of this is job losses and loss of economic opportunity, in addition to falling behind in the progress made (and needed) along the energy transition journey.