EI LIVE webinar | Is COVID-19 a threat or an opportunity for the global climate agenda?

The Energy Institute Young Professionals Networks in the United Kingdom, Nigeria and Middle East Branches held their first ever joint event on 5 May 2020.

Event description:
The COVID-19 pandemic and the collapse in demand for oil coupled with an oil price war that led to excess supply saw oil prices fall to all-time lows with U.S. prices falling below zero at one point for the first time ever. Natural gas prices have also weakened, falling to record lows and putting pressure on coal, which is no longer the cheapest source of energy. Electricity prices have also been impacted by the fall in demand as half of the world's population went into lockdown and businesses and industries shut down.

What does this mean for the global climate agenda? How should governments around the world respond? How will the energy sector emerge from the crisis and what will the future energy mix look like?

The panel of experts provided young professionals with a specialist view of how the crisis might shape the energy future and the various scenarios that may emerge as a result of this unprecedented health crisis.

Speakers:
- Dr. Ibilola Amao - Council Member, Energy Institute UK; Lonadek Global.
- Dr. Anastasiya Ostrovnaya - Research Fellow at the Centre for Climate Finance and Investment, Imperial College London
- Ms. Kate Dourian - Regional Manager for Gulf States, World Energy Council
- Mr Alan Wallace - Head of Energy Institute Malaysia Branch; Principal Consultant Engineer at Advisian