Thread by @IEABirol

The #Covid19 pandemic is the biggest shock to the global energy system in over 70 years.

Global energy demand is set to fall 6% in 2020, seven times greater than the drop in the wake of the 2009 crisis.

@IEA’s new Global Energy Review has more → iea.li/2YhHb0Z

THREAD

Coal is set for the largest decline since WWII alongside sharp reductions for oil & gas.

Nuclear power is less affected, while renewables are the only energy source on the rise in 2020, thanks to priority access to grids & low operating costs.

Read more: iea.li/3d6QFR7

Global electricity demand is set to fall by 5% in 2020 – the biggest decline since the Great Depression. The largest drops are in the EU & US.

Electricity has been essential for coping with the pandemic. Greater investments, including in grids, are needed to keep supplies secure

Last year, low-carbon technologies overtook coal as the leading source of electricity worldwide for the first time in 50 years.

They are set to extend their lead in 2020 to reach 40% of global electricity generation.

Global CO2 emissions are set to fall nearly 8% this year to their lowest level since 2010, the largest drop in history.

But this fall, on the back of premature deaths & economic trauma, is nothing to cheer. The 🌍 needs structural emissions reductions driven by better policies.

The energy industry that emerges from the crisis will be different from what came before.

Governments can steer the 🌍 toward a more resilient & sustainable energy future by making clean energy – renewables, efficiency, batteries, hydrogen, CCUS – key to economic recovery plans.