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While the oil sector will take off when the travel industry and other hard-hit industries get back on more solid footing, find investment and recover their consumer demand, Ms Birch said, at the same time the pandemic will accelerate the energy transition to non-fossil fuels.
“That’s not what I would normally expect out of such a severe economic crisis, she said. In a more traditional crisis, for example, the 2008-2009 global financial crisis, you d expect to find any government looking for the shortest path to economic growth they can find out of the crisis.
However, with the crisis in the oil sector demand-based and the financial sector unconcerned by this, add in “the doubling down by world governments on climate goals, and it is easy to understand why policymakers see the crisis “as a trampoline event to get going on their energy goals”, she said. ....

Cai Lin , Valerie Marcel , International Energy Agency , Wilson Center , National Global , Chatham House , Cailin Birch , Economist Intelligence , Zayed Al Qahtani , Opec Secretariat , Montserrat Ramiro , காய் லின் , வலேரி மார்செல் , வில்சன் மையம் , தேசிய உலகளாவிய , சாதம் வீடு , கைலின் பிர்ச் , பொருளாதார நிபுணர் உளவுத்துறை , ஓபெக் செயலகம் , மாந்ஸராட் ரெமிரொ ,