Influence Of COVID-19 On Socio-Economic And Renewable Energy Sectors: An Indian Scenario

Abstract

COVID-19 (CD) created an adverse influence on social, economic and renewable energy (RE) sector compared to the Pre-Covid scenario. The above mentioned sectors are interrelated and thus lockdown strategy and stay at home rules to reduce the CD transmission had a drastic effect on them. With lockdown, all sectors were closed, energy demand reduced greatly had a critical influence on energy generation in addition to deepen poverty and increase unemployment and the risks of hunger and food insecurity.  The economic and social costs of the CD outbreak are therefore likely to be significant and long-lasting in India. However, there are positive influences as well. The decline in CO₂ emissions and growth in the RE industry as the cost of fossil fuels falls are both examples. The scenario of the RE sector after CD and the lessons learned from the influence of CD is presented in this paper as well.