Pandemic heralds new world order for energy

Changes forced by Covid-19 may mean the global energy mix has permanently shifted in favour of lower-carbon fuels—if governments decide to support the progress, says Engie's Laurent Nery

Laurent Nery is head of global energy market analysis for Engie. He works in the global energy management (GEM) business unit that manages energy supply and risks. GEM has a team of more than 40 analysts and economists following energy markets around the world, from renewable power to oil and coal. Among a range of services, Engie GEM sets up power-purchase agreements (PPAs) that offer a fixed price to developers of renewable projects and buyers a secure long-term source of green power. It structures PPAs in many areas of Europe and, increasingly, the rest of the world. It leverages its trading team to hedge large volumes on liquid capital markets. There is a steady long-term trend for decar