Renewable Energies: The Place To Go

Renewable Energies: The Place To Go

As renewable energy is the optimal environmentally-friendly alternative to oil, the demand for renewable energy and related projects is likely to increase in the near future. How are companies transitioning to renewable energy production and what are the main drivers and challenges of this change?

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Renewable Energies: The Place To Go

COVID-19 has impacted all industries and renewable energy is no exception. The present document aims to picture the scenario for this particular industry.

The renewable energy market is expected to grow in the near and mid-term future. 

Some of the key drivers include:

  • The major drop in global oil demand
  • The need to cut/reduce global greenhouse gases (GHG) emissions: 22% of global industrial greenhouse gas emissions are produced by the mining industry

Included in this Intelligence Brief:

  • Real examples of major oil and gas (O&G) and mining companies transitioning to renewable energy generation, and in particular in the last months where COVID-19 has already impacted the global economy. 
  • The challenges the industry needs to overcome
  • A forecast for the growth of the major renewable energies from 2020 to 2021
  • PreScouter recommendations

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