Renewable Energy Philippines - The Omicron Impact in Solar Business

E D I T O R ‘ S N O T E
At the recent COP 26
UN Climate Change
Conference in
Glasgow, where over
100 countries made net-zero
pledges to limit global warming
to 1.5°C, attention is now
focused on the energy sector,
which is responsible for over
70% of global greenhouse gas
emissions. To counteract this,
renewable energy is poised to
take on the challenge, playing
a vital role in reducing global
warming.
According to recent reports,
advanced robotics, advanced
photovoltaic (PV), big
data, artificial intelligence,
blockchain, distributed
energy storage systems,
grid integration, bioenergy,
green hydrogen, wind, and
hydropower will get the most
attention in the renewable
energy industry.
The COP26 climate conference
also saw the United States,
Canada, and 18 other nations’
agreement to phase out public
financing for fossil fuel projects
overseas by the end of 2022
and instead invest in renewable
energy. By bringing together
wealthy donor countries and
poorer developing countries
that receive international
financial assistance, the
COP26 agreement intends
to forge a consensus among
governments to abandon
Omicron Impact on
Renewable Energy
polluting projects in favor
of renewable energy, both
to reduce emissions and to
prevent stranded assets.
However, 2022 also sees a
roadblock for the renewable
section, particularly because
of the Omicron variant. When
immunizations become more
readily accessible this year,
worldwide energy companies
will confront a quandary. recruit
unvaccinated workers.
While forcing vaccinations
will undoubtedly spark
controversy, at least one large
corporation will try it. Nationally
controlled oil businesses
seem to be a sensible early
adopter, but more responsible
multinational organizations will
find themselves at the heart of
a volatile debate.
It would appear that this choice,
two years after the pandemic
began, is the most challenging
consequence directly related
to COVID-19. However, while
many parts of the world have
adjusted to the “new normal,”
such as the continued anxiety
over the Omicron variety, at
least one more concern is
expected in 2022.
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