Black Swans in BRICS Energy Sectors

The long-awaited special report to the BRICS Youth Energy Outlook 2020: the special report 'Black Swans in BRICS Energy Sectors' is now available for download.

In the report, young professionals and researchers from BRICS countries analyze the history of their national energy sectors to define so-called 'Black Swans' which is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalised after the fact with the benefit of hindsight. The term is based on an ancient saying that presumed black swans did not exist – a saying that became reinterpreted to teach a different lesson after black swans were discovered in the wild.

 

As results, young people from BRICS countries make assumptions what Black Swans their countries might face with in the future. They also answer the following questions:

1. What measures aimed at reducing or preventing economic impact of possible Black Swans exist in your country?
2. Are there any ecological programs that your country develops in order to protect the environment during any turbulences on energy markets?
3. What are the most vulnerable areas of energy related markets to the Black Swans?
4. Consider, if the present pandemic of the coronavirus (COVID-19) can be defined as either a Black Swan or a White Swan in your country.

You are welcome to check the publication right now and share it with your colleagues and fellows interested in BRICS energy studies.