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COVID-19: Essential market insight and resources

Navigate rapid market shifts with our​ expert data-driven insights and news.

As the COVID-19 pandemic continues to spread globally we are here to help you navigate extraordinary market challenges with our breadth and depth of expert data.

We are ever-ready to help you – our customers, partners, governments and media – understand the impact the pandemic is having on societies and economies. We have invested strongly in our business continuity and resilience measures and have ensured customers have complete remote access to our web-based products – to track, trade, advise and monitor markets at this pivotal moment. 

Leverage Refinitiv's trusted data, market-leading insights and technology to navigate the rapid market shifts as you look for ways ahead - and count on our products to make sense of the unfolding financial crisis. Feel confident in the decisions you make with Refinitiv at your side.

How we can help

Track the global impact of Coronavirus with Eikon

To help navigate the markets with trusted and real-time data and insight on COVID-19, we have enhanced our products and curated insights.

Our new Macro Vitals app provides a comprehensive set of data, news, charts and insight recording the economic impact of the coronavirus pandemic. Understand global government and central bank response to the crisis by delving into an unparalleled data repository. Type in 'MACROV' in Eikon to access this app. 

The Coronavirus app on Eikon is your single destination to keep track of the key market moving headlines as well as the charts, data and market impact analysis, sectors and commodities asset classes. Type 'Coronavirus' in the search bar to access the application in Eikon desktop or web.

Access Eikon through a web browser for optimal connection to our industry leading market data, news and content. This access point is lighter on memory capacity and hence, more adaptable for laptops or personal computers. Customers can access Eikon Web now with existing user credentials or contact us for complimentary access.

Not an Eikon user? Get in touch with us for complimentary access.

Corona Correction

Watch the latest episode

05:00
  • Welcome to the Corona Correction Series in association with Refinitiv. I'm your host, Roger Hirst. The UK has been beset with uncertainty since the Brexit vote in 2016. This uncertainty has led to a slowdown in foreign direct investment, and the government handling of the corona crisis has also been called into question with the economic slowdown being particularly severe and compounding the uncertainty. Despite this, one area where the UK has been moving up the global rankings is within renewable energy. I spoke to Wayne Bryan, Director of European Gas Research at Refinitiv, about the UK's adoption of these technologies, as well as the global trends within this space.

    Now the UK itself has done very well in the RECAI index, which looks at the renewable attractiveness on a country basis. The UK started off at, I think they were in tenth about a year ago, we've now moved up to six. And this index really shows that the UK now is becoming an attractive place for investment, and it's also we're seeing solar panel prices have fallen, we are  seeing a lot of offices, installations putting solar panels on their flat roofs because they know it can offset their bills. So this is going to feed in as we try and get close to 2050 and help us get closer to achieving net carbon. In another boost for the government's plan to be net zero by 2050, we saw last month Cleve Hill Solar Park, which is going to be the UK's largest solar park, given the go ahead by the government to begin construction. On around nine hundred acres of north east Kent coast, we'll see around 800,000 individual solar panels generating enough electricity to power around 91,000 homes. We're looking for production from this site to commence in around 2023. The UK capacity now is around 13 gig. I think we're looking by 2030 to get that to around 29 gig. And hopefully by 2050 around 36 to 40, but as you know with these projections, finance, etc, market things may change and we might see more or less, this is only really looking at potential capacity increases. So overall solar is really making waves and looking now on the Refinitiv app, we can see solar generation is starting to grow for the day and it's currently providing around 11 percent of our electricity at the moment. Now, that's quite low, we've been seeing around 30 per cent on a good sunny day. And today we've got no wind so we're relying on a bit more of the solar and that makes gas generation a lot stronger as well. But we've had these days in May where it was windy, where it was sunny and renewables on some days were contributing around 48 to 49 percent of our electricity. Now, in terms of the RECAI Index, what we typically have seen over the past few years is China were number one. Since October last year the US has actually overtaken them. And now US is number one in terms of attractiveness for renewable investment. I think one of the reasons for that is there was a federal tax incentive that expires this year, so anyone that actually produced or started to build an installation from 2016 onwards has to have it operational by the end of this year. So for that we've seen a lot more installations in the US which has helped bring them above China. The good thing about this is it seems that a lot of these countries are all making real solid commitments for renewables, and as we move towards 2030, 2050, hopefully renewables will play a massive part in power generation across the world and I think India's a great example of that. Their actually energy demand is growing, but what they're now realizing is the amount of sun they get, it's time to utilize that. So India as well is going to be a big player over the next few years, and not only just for solar but for wind, for biomass and all these other renewable energy sources, which is great news, really, really is good news for the environment moving forward.

    Although the UK is perhaps better known for its wind and rain, there has been a concerted push into the solar space, which is paying dividends, increasing the country's energy diversity as it moves towards meeting its long-term goals. The recent decline and volatility in oil prices has seen the energy giant BP take a write down of 17 billion dollars and announced 10,000 job cuts. For many analysts, the dislocations within the energy sector that have arisen because of the corona crisis, may be the catalyst that spurs politicians into demanding that renewables play a bigger part in the production of energy, and the UK is setting itself up as a destination for investments in this space. We'll see you later with another update. 

Episode 34

Coronavirus - Has Covid-19 Affected Renewable Energy?

Published on: July 01, 2020 • Duration: 5 minutes

Roger Hirst and Wayne Bryan, Director of European Gas Research at Refinitiv, talk about how the UK is climbing up the global rankings of renewable energy, despite the economic slowdown.

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