HAS COVID-19 ACCELERATED THE ENERGY TRANSITION ACROSS ASIA?

Read what Yuan-Sheng Yu and Tom Smeenk had to say at the most recent Tank Talk webinar Two of the hottest topics in the last year have been the COVID-19 epidemic and the energy transition. With the pandemic causing a drop in demand for oil, the collapse of the oil price, a super contango and market difficulties everywhere, Tank Storage Magazine invited two experts to discuss whether these difficulties had caused companies in Asia to turn to other, greener sources of energy. In other words, has COVID-19 accelerated the energy transition across Asia?   KEY TRENDS IN A POST-COVID ENERGY INDUSTRY Yuan-Sheng Yu is a senior analyst at Lux Research, specialising in Asia’s innovation ecosystem, looking at innovation drivers including government policies, venture capital funding and socio-democratic trends. He leads Lux Research’s Owning the Energy Transition programme, which provides strategic advice on technology and business model innovations that affect the global energy system. ‘This year has been an unprecedented time, from personal, to business, to financial, but when it comes to the energy sector, four major initial shocks were eye-opening, and that’s for the...