Energy

With new data showing that global carbon emissions are rebounding more quickly than expected after coronavirus lockdowns are eased, questions are being asked about the prospects for renewable energy projects in emerging markets. 

In Africa, the twin challenges of the coronavirus pandemic and subsequent drop in oil prices are affecting countries in different ways: net energy exporters are braced for headwinds, but net importers have some relief from current account pressures.

The Covid-19 pandemic has proved a unique challenge for the global economy, and in particular the energy industry, which has witnessed a severe fall in demand in response to lockdown measures around the world. Despite this, major developments in the Gulf suggest that players are pursuing a business-as-usual attitude as they push ahead with major investment plans.