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Thu Apr 30, 2020, 10:52 AM

Covid-19 crisis will wipe out demand for fossil fuels, says IEA


Renewable electricity will be the only source resilient to the biggest global energy shock in 70 years triggered by the coronavirus pandemic, according to the world’s energy watchdog.

Fatih Birol, the IEA’s executive director, said: “The plunge in demand for nearly all major fuels is staggering, especially for coal, oil and gas. Only renewables are holding up during the previously unheard of slump in electricity use.”

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Reply Covid-19 crisis will wipe out demand for fossil fuels, says IEA (Original post)
Quemado Apr 30 OP
progree Apr 30 #1

Response to Quemado (Original post)

Thu Apr 30, 2020, 11:18 AM

1. "Wipe out demand"? Hardly.

Renewables Are the Only Winners in Historic Decline in Energy Demand (IEA report), Bloomberg, 4/30/20

Globally, in 2020, the IEA expects drops of:   9% in oil consumption, 8% in coal consumption, and 5% in natural gas consumption, compared to 2019.

"Emissions" (I think they mean CO2 emissions) are expected to drop 8% in 2020.

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