World Economic Forum predicts energy revolution following Covid-19

1 June 2020 (Last Updated June 1st, 2020 10:05)

The Covid-19 pandemic could help “accelerate the revolution in energy systems” according to the World Economic Forum (WEF), which has become the latest body to suggest that the spread of the virus and resulting lockdown measures could, in fact, be beneficial for the world’s energy mix in the long term.

A WEF report, published on Friday, predicts an increased reliance on distributed energy systems, where power is generated, stored, and used near where it will ultimately be consumed, across the energy sector. This trend could see an increased reliance on renewable power across the world, with parts of the world not considered among its traditional leaders in energy production now set to benefit from technology such as wind and solar power, which benefit from local environmental conditions.

Read more about the WEF report here.