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Last updateWed, 25 Nov 2020 4pm

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IEA: COVID to Affect Energy Demand for Years to Come

It has been a tumultuous year for the global energy system. The COVID-19 crisis has caused more disruption than any other event in recent history, leaving scars that will last for years to come. But whether this upheaval ultimately helps or hinders efforts to accelerate clean energy transitions and reach international energy and climate goals will depend on how governments respond to today’s challenges.

The World Energy Outlook 2020 from International Energy Agency (IEA) focuses on the pivotal period of the next 10 years, exploring different pathways out of the crisis. The new report provides the latest IEA analysis of the pandemic’s impact: global energy demand is set to drop by 5% in 2020, energy-related CO2 emissions by 7%, and energy investment by 18%.

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