How COVID-19 might delay energy transition?

Energy transition has recently become a very popular topic, and everyone sees the soon end of hydrocarbon economy, including the crude oil.

However, the current pandemic is likely to have a delaying impact on introduction of greener technologies and postpone reaching plateau demand for conventional energy for several years.

The key driver for introduction of any technology is its cost, which is the price its customer must pay. Green technologies do bring more advantages to the society, but their introduction will require customers pay a premium over…