COVID-19 and long-term decarbonization for industry: an opportunity to mitigate future costs

FORBES | Industrial production and electricity demand in Europe have dropped dramatically as a result of the coronavirus outbreak. This has also led to a drop in emissions. While the effects cannot be quantified precisely yet, recent estimates from market analysts suggest that emissions could easily fall by up to 25% in 2020. The EU emissions trading system (ETS) was operating with over 1.6 billion metric tons of allowances in circulation; the additional excess supply, assuming a quick recovery, does not significantly change that. What could significantly affect the balance between supply and demand is how long the downturn lasts and the trajectory of any recovery.


To read the full article, click here.


  • LinkedIn
  • Twitter

© 2020 Energen. This website represents a proof of concept of the future platform