Covid-19 accelerates energy transition – PwC

Assurance, advisory and tax services firm PricewaterhouseCoopers (PwC) reports – through its newly released Africa Oil & Gas Review, titled Energising a New Tomorrow – that the rampant spread of the Covid-19 pandemic globally has resulted in galvanising of commitments to a green energy transition. PwC energy strategy and infrastructure director James Mackay says the Covid-19 pandemic has played “havoc” in global economies and energy markets, with oil being shown to be particularly vulnerable. “In response, the developed world has accelerated the renewable energy transition through greening policy, economic stimulus and investment.”