Omicron Impact on Renewable Energy Philippines
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 in Asia, including the Philippines, Indonesia, Vietnam and Thailand by the end of 2022 and instead invest in renewable energy. By bringing together wealthy donor countries and developing countries like the Philippines that receive international financial assistance, the COP26 agreement intends to forge a consensus among governments to abandon polluting projects in favor of renewable energy Philippines, 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, particularly in the Philippines. 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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