Discover and read the best of Twitter Threads about #weo20

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Here's a remarkable detail buried in @IEA #WEO20

India will build 86% less new coal power capacity than expected last yr

Long seen as driving global coal growth, IEA now says India will add just 25GW by 2040

The result? Global coal capacity will fall.

carbonbrief.org/solar-is-now-c…
@IEA That's the outlook in the IEA "STEPS", a scenario based only on current policies + firmly backed targets.

If India – & the world – want to move towards well-below 2C, then India's coal capacity should fall by some 40% by 2040…

carbonbrief.org/solar-is-now-c…
@IEA According to #WEO20 the picture for coal power generation in India is even more stark under the SDS, where it falls to 84% below current levels by 2040.
Read 3 tweets
The @IEA #WEO20 is out!

My deep-dive analysis:

🌞 solar 20-50% cheaper than IEA said last yr
🏭 coal in "structural decline"
⛽️ no peak yet for oil
🔥 gas to rise 30%
☁️ CO2 plateau…unless more climate action
🎯 + 1st-ever modelling on 1.5C

THREAD

carbonbrief.org/solar-is-now-c…
Backdrop is #COVID19 pandemic and huge uncertainty, so #WEO20 changes usual roster of scenarios:

CPS out (for now)
STEPS gets "delayed recovery" (DRS) side case
SDS more prominent than before
NZE2050 = 1.5C pathway

The choice for the world:

carbonbrief.org/solar-is-now-c…
One intriguing little nugget I found is that the SDS seems to be getting more prominent in recent WEOs.

Chart by @joejgoodman confirms a suspicion I'd been forming. (Any tips on PDF text tools tho? This was a bodge!)

carbonbrief.org/solar-is-now-c…
Read 17 tweets
The World Energy Outlook 2020 is out!

It shows how the Covid crisis has brought deep disruption & uncertainty to the energy sector.

Whether it helps or hinders clean energy transitions will depend on how the pandemic plays out & how governments respond: iea.li/3dpw9wb
Solar is becoming the new king of the world’s electricity markets, leading the renewables charge.

It is set to triple before 2030 under today’s policy settings & has the potential to grow much faster, followed by onshore & offshore wind.

More on #WEO20: iea.li/34Pxfh5
There's lots of talk about peak oil demand, but it misses the point.

#WEO20 shows that the era of global oil demand growth will end in the next decade. But without a big shift in government policies, there's no sign a rapid decline is coming.

More ➡️ iea.li/3iTW5Bp
Read 8 tweets

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