Covid-19 pandemic has caused not only a global health emergency, but it has also created the market and economic disruptions. Countries’ aspirations for a swift transition from fossil fuel to renewable energy towards lower-carbon economy will be halted since they have now a priority to deal with health emergency and economic burden. However, despite the expected economic recession, there are reasons to remain optimistic, especially for the renewable sector to grow positively during this period of crisis. It is worth noting that renewables were the only source that posted growth in demand during the crisis. Declining energy demand during the crisis as well as low bank interest has provided an opportunity for governments and the private sector to pursue their renewable project agenda. In the case of emerging countries such as Indonesia, the international low oil price has provided an excellent opportunity for consumption subsidy further reform for sustainable development reasons. It is in this time of crisis, the spirit of partnership and co-operation among global citizenship is becoming increasingly crucial to be significantly strengthened to achieve global energy transition target and succeed in striking the balance of energy trilemma – energy security, social impact and environmental sensitivity.
- Energy Transition Policy