KARACHI: Shell Pakistan on Friday hosted a webinar to look at the global transformation taking place in the energy sector due to the Covid-19 pandemic and its impact on demand.
Head of Shell Scenarios and Vice President of Global Business Environment Jeremy Bentham were the keynote speakers at the event entitled “The Energy Transformation Scenarios”. “The COVID-19 pandemic has had a tremendous negative impact on the global landscape. The energy industry and its systems are also facing unprecedented challenges due to this public health crisis, as demand for fuel is drastically reduced due to limited socio-economic activities, ”said Bentham.
He said there was a need for effective policies to promote organic fuels, “because by 2030, consumption of coal, oil and natural gas will almost be eliminated.”
Bentham highlighted three Energy Transformation Scenarios, which provide great insights into how the world is changing and how it helps to think about the future. The scenario consists of waves, islands and sky. Speaking about the impact of the energy industry on the global environment, he informed the audience that the process of global climate action is increasingly delayed, due to the slow de-carbonization of the Islands. “National security and environmental sustainability must remain our top priority during any type of trade, industrial activity or commercial collaboration. Developing countries that use organic fuels must work to ensure energy transformation, “he added.