The investment environment in the light of IMO 2020, COVID and the acceleration towards energy transition
THE CURRENT REALITY AND THE IEA PERSPECTIVE
LIFE in 2020 is about COVID-19 and energy transition. We still do not have a clear answer for either. What is clear is that the world will decarbonise. Over time, fossil fuels will play a diminished role. The pace of change is still not clear.
Without doubt there will be a repositioning in the tank storage sector and there will be localised casualties. Increasingly, investment is going to be driven by the requirements to be sustainable and green. But the world’s fuel requirements will not back-flip overnight. The effects are highly regional, and this will determine storage demand.