Climate concerns are driving an acceleration in the global transition towards environmentally sustainable energy sources, with signficant implications for emerging markets as they seek to keep pace with high demand growth over the long term.
Energy
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Economic update | Powering Africa: Green energy opportunities in a rapidly growing region (video)
24 May 2021
In this Growth and Recovery video, powered by technical solutions provider and engineering firm JESA, we explore opportunities to leverage investment and expertise to develop critical power infrastructure in...
Economic view | Mark Loquan, President, National Gas Company of Trinidad and Tobago (NGC)
11 May 2021
How do you assess the impact of the Covid-19-induced crisis on the natural gas industry?
The coronavirus pandemic has given rise to a global uptick in regional cooperation and interconnectedness as a means to economic recovery. Forming part of this trend, countries in the Arab world have recently moved to expand cooperation with regard to electricity supplies.
A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial to the recovery of major oil-producing countries in the Middle East and Africa.
– Energy demand and oil prices slumped on the back of Covid-19
– OPEC+ countries agreed on sharp production cuts to stabilise prices
– While coal, oil and gas investment fell, investment in renewables increased
– Rise in sustainable finance looks set to bolster the renewable transition