Coronavirus will trigger biggest ever plunge in energy demand, emissions: IEA - Reuters:
Economic lockdowns brought on by the coronavirus pandemic look set to cut global energy demand and carbon dioxide emissions by record amounts, the International Energy Agency (IEA) said on Thursday.
Global energy demand could slump by 6% in 2020 due to the restrictions placed on homes and industry in what would be the largest contraction in absolute terms on record, according to Paris-based IEA, which advises industrialised nations on energy.
The slump would lead to a drop in carbon dioxide emissions of 8%, six times larger than the biggest fall of 400 million tonnes recorded in 2009 following the global financial crisis, according to the IEA, which described its estimate as conservative.
“Some countries may delay the lifting of the lockdown, or a second wave of coronavirus could render our current expectations on the optimistic side,” the organisation’s executive director Fatih Birol told Reuters.
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