Global Energy Review-2020

  • On 1st May, 2020, the International Energy Agency (IEA) released a report Global Energy Review, detailing the impact of Covid-19 on global energy demands and CO2 emissions.

Key Findings

Global Energy Scenario

Coal

  • Global coal demand was hit the hardest, falling by almost 8% compared with the first quarter of 2019.
  • Three reasons converged to explain this drop. China – a coal-based economy –the country first hit by Covid‑19, lockdowns began to curb mobility from the end of January, resulting in an estimated decline of more than 13% in quarterly oil demand compared with Q1 2019.; cheap gas and ....
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