Lockdown measures have pushed down energy demand by 20% or more. We are heading towards a record annual decline in global carbon emissions of almost 8% by the end of 2020.
Demand has shifted from the workplace and industry to our homes, which opens up questions around new or localised supply networks and pricing models of energy, as well as energy efficiency measures and behaviour in our homes. On the supply side, coal and gas demand have been hit the hardest, while renewables have so far been most resilient. Energy security will become more important as we move past this pandemic.
The coronavirus outbreak may give rise to new thinking around viable investment and business models to support a clean energy transition. It could spin out new solutions for clean energy in healthcare systems, communication, businesses, foundation industries, and all other basic amenities of our lives, while offering us an opportunity to rebuild a cleaner, more sustainable world.
These are just some of the possible topics your team might find solutions for, but the scope is much wider.
Find a team. Work on a solution. Make a change in the world and be in with a chance of winning a prize.