The Coronavirus Fallout
Energy Gang
Wood Mackenzie
4.6 • 1.3K Ratings
🗓️ 19 March 2020
⏱️ 58 minutes
🧾️ Download transcript
Summary
This week: how coronavirus could accelerate or decelerate the energy transition.
We’re facing an oil shock amid a pandemic, supply chains are still in disarray, economic gears are grinding to a near halt, and countries are scrambling to put stimulus packages in place. How will this shape the energy system?
We’re going to break the conversation into three parts: the impact on fossil fuels and renewables; long-term prospects for decarbonization; and a blueprint for a low-carbon stimulus.
Where will the money go when this is all over? Could clean energy have the advantage over fossil energy from investors and governments?
Recommended reading:
- GTM: Could the Oil Price Collapse Drive More $$ Into Renewables
- GTM: For Wind and Solar Sectors, Biggest Coronavirus Risk May Be a Damaged Economy
- Business Insider: Coronavirus Stunts Clean Energy Growth
- WSJ: Oil Markets Point to Lasting Glut of Crude
- WSJ: Oil Drop Takes Down Hedge Fund
- OilPrice.com: Oil Price Crash Continues Despite $1.5 Trillion Fed Intervention
- OilPrice.com: Morgan Stanley Expects Net Zero Demand Growth in China
- E&ENews: The Oil Crash and Climate: What to Know
- E&ENews: Green Energy's $10T Revolution Faces Oil Crash Test
- E&ENews: Senate GOP Eyes Energy Aid in Response to Market Fallout
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Transcript
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| 0:00.0 | The Energy Gang is brought to you by Seapower. |
| 0:02.4 | Seapower's been helping organizations like yours chart a path to energy's future. |
| 0:07.2 | Since the first open energy markets were established at the turn of the 21st century, |
| 0:10.8 | we are going through some uncertain times right now. How is it going to play out? |
| 0:16.3 | Well, not many people know, but the energy experts at Sea Power are going to help your |
| 0:20.1 | organization build a unique bridge to that future, whatever it looks like. |
| 0:25.8 | Visit the Seepower Way.com slash future to learn how seepower can help you across the |
| 0:31.1 | bridge to Energy's future. |
| 0:33.0 | From Green Tech media, this is the Energy Gang, |
| 0:41.0 | weekly debates and discussions about the fast changing world of energy. |
| 0:45.2 | I'm Stephen Lacey, a contributing editor at GTM. |
| 0:48.6 | Welcome to the show. |
| 0:50.3 | Whoa, this week, how coronavirus could accelerate or decelerate the energy transition. |
| 0:57.0 | Major players create an oil shock amid a pandemic, economic gears grind to a near halt. |
| 1:02.0 | Meanwhile, the climate crisis is not. economic gears grind to a near halt. |
| 1:03.0 | Meanwhile, the climate crisis is not going to wait. |
| 1:06.0 | So we're going to cover what's happening in three parts. |
| 1:08.0 | First, what's happening in oil and gas and renewables? |
| 1:11.0 | Then how does this change the energy transition and our path for decarbonization? |
| 1:16.7 | And then finally, what does a green stimulus look like? |
| 1:19.4 | If we truly are going to pump money back into economies around the world and into the US economy. |
| 1:26.0 | How do we do that in a climate-friendly way? |
... |
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