Abstract: The COVID-19 pandemic has had a significant impact on the supply chains of traditional fossil fuels. According to a report by the International Energy Agency (IEA) from 2020, oil-refining activity fell by more than the IEA had anticipated. It was also assumed that the demand in 2021 would likely be 2.6 million bpd below the 2019 levels. However, renewable markets have shown strong resilience during the crisis. It was determined that renewables are on track to meet 80% of the growth in electricity demand over the next 10 years and that sustainab...
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Topics: 
Natural resource economics
Environmental economics