Environment & Energy

Quemado

(1,262 posts) Thu Apr 30, 2020, 10:52 AM Apr 2020

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

https://www.theguardian.com/business/2020/apr/30/covid-19-crisis-demand-fossil-fuels-iea-renewable-electricity

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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Covid-19 crisis will wipe out demand for fossil fuels, says IEA (Original Post) Quemado Apr 2020 OP

"Wipe out demand"? Hardly. progree Apr 2020 #1

progree

(10,929 posts)

1. "Wipe out demand"? Hardly.

Reply to Quemado (Original post)

Thu Apr 30, 2020, 11:18 AM

Apr 2020

Renewables Are the Only Winners in Historic Decline in Energy Demand (IEA report), Bloomberg, 4/30/20
https://finance.yahoo.com/news/renewables-only-winners-historic-decline-040040629.html

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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