Impacts of COVID-19 pandemic on the global energy system and the shift progress to renewable energy: Opportunities, challenges, and policy implications

Anh Tuan Hoang, Sandro Nižetić,, Aykut I. Olcer, Hwai Chyuan Ong, Wei-Hsin Chen, Cheng Tung Chong, Sabu Thomas, Suhaib A. Bandh and Xuan Phuong Nguyen

Energy Policy, 2021, vol. 154, issue C

Abstract: Being declared a global emergency, the COVID-19 pandemic has taken many lives, threatened livelihoods and businesses around the world. The energy industry, in particular, has experienced tremendous pressure resulting from the pandemic. In response to such a challenge, the development of sustainable resources and renewable energy infrastructure has demonstrated its potential as a promising and effective strategy. To sufficiently address the effect of COVID-19 on renewable energy development strategies, short-term policy priorities should be identified, while mid-term and long-term action plans should be formulated in achieving the well-defined renewable energy targets and progress towards a more sustainable energy future. In this review, opportunities, challenges, and significant impacts of the COVID-19 pandemic on current and future sustainable energy strategies were analyzed in detail; while drawing from experiences in identifying reasonable behaviors, orientating appropriate actions, and policy implications on the sustainable energy trajectory were also mentioned. Indeed, the question is that whether the COVID-19 pandemic will kill us or provide us with a precious lesson on future sustainable energy development.

Keywords: COVID-19; Global energy; Energy transition; Renewable sources; Policy implications (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (76)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:154:y:2021:i:c:s0301421521001919

DOI: 10.1016/j.enpol.2021.112322

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