Transformation of Global Energy Market during COVID-19 Pandemic

Aleksandr Nikolaevich Zakharov and Ekaterina Dmitrievna Gritsan
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Aleksandr Nikolaevich Zakharov: Russian Foreign Trade Academy, Moscow, Russia
Ekaterina Dmitrievna Gritsan: Russian Foreign Trade Academy, Moscow, Russia

Russian Foreign Economic Journal, 2021, issue 11, 91-99

Abstract: For several years the world energy market has been undergoing shifts towards cleaner energy supply sources. One of the drivers of energy balance diversification at the global level is the tightening of climate agenda. At the national level, each country faces the need to ensure its own energy security, which is especially important during periods of crisis such as the COVID-19 pandemic. The article analyzes the changes in key indicators of the energy market during the pandemic by type of energy resources and identifies the biggest challenges and prospects for the energy industry in the context of decarbonization and the crisis.

Keywords: Decarbonization; pandemic; climate agenda; hydrocarbon emissions; renewable energy sources; global energy market; international energy trade; energy security (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2021_11_91-99

DOI: 10.24412/2072-8042-2021-11-91-99

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