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
Global emissions are set to rebound much more slowly than after the 2008-09 financial crisis.

But #WEO20 makes it clear that the 🌍 is far from putting emissions into decisive decline. And low economic growth is not a low-emissions strategy.

More: iea.li/3dpw9wb
Putting the 🌍 on track to reach net-zero emissions by 2050 would demand enormous and all-encompassing efforts over the next 10 years from companies, citizens, investors &, most of all, governments.

#WEO20 has @IEA's 1st detailed modelling on this: iea.li/3jTTwk6 Image
Using new technologies to avoid future emissions isn't enough.

If today’s coal plants, steel mills, cement factories & other infrastructure keep running in the same way as before, that alone would lock in a temperature rise of 1.65 °C. Image
The Covid crisis is hurting vulnerable populations the most.

The number of people without access to electricity has been decreasing in Sub-Saharan Africa since 2013, but #WEO20 shows the pandemic is putting this into reverse. The number is set to rise by 13 million in 2020. Image
Lots more insights from #WEO20 are available on iea.org.

And you can join me and lead authors, @Laura_Cozzi_ & @tgouldao, for a livestreamed presentation of the report’s key findings at 10:30 CEST ⬇️ twitter.com/i/broadcasts/1…

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More from @IEABirol

10 Sep
New from @IEA: Energy Technology Perspectives 2020!

It shows we need to scale up clean technologies sharply to meet energy & climate goals.

The transition of the power sector can only get us 1/3 of the way there. Other sectors are key.

👉 iea.li/3ihVOsi
The rise of solar, wind & batteries is cause for optimism, but big challenges remain.

A huge one is emissions from inefficient coal power plants, heavy industries & other existing infrastructure around the world – mostly in emerging Asia.

Read more: iea.li/35ra6Dp
Heavy industry has lots of long-lived assets like steel mills, cement kilns & chemical plants. In emerging Asia, many are still young.

Technologies like hydrogen & CCUS will be crucial to tackle emissions from these facilities, but we need to move quick to get them ready in time
Read 6 tweets
2 Jul
Our special report on clean energy innovation is out!

It shows the stark disconnect between aims for deep cuts in emissions & the current state of energy technologies.

Achieving global energy & climate goals requires a big acceleration in innovation ➡️ iea.li/31Ilitk
Energy efficiency & renewables are fundamental for clean energy transitions.

But about 1/3rd of the CO2 emissions reductions needed to move the 🌍 onto a sustainable path would come from technologies that haven’t yet reached the market today.

More ➡️ iea.li/2ZssCa3
Our new report – the 1st in @IEA’s revamped Energy Technology Perspectives series – examines how to speed up innovation to meet energy & climate goals while enhancing energy security

This includes a guide to the status of 400+ clean energy technologies ➡️ iea.li/38jq6qx
Read 6 tweets
18 Jun
Today, @IEA is presenting a Sustainable Recovery Plan for the next 3 years that would enable governments to boost economic growth, create millions of jobs & make 2019 the definitive peak in global emissions.

Our new report based on analysis with @IMFNews: iea.li/2YImM3O
Our Sustainable Recovery Plan offers a roadmap to achieve major results, including:

1️⃣ Add 1 percentage point to global GDP growth each year
2️⃣ Save or create roughly 9 million jobs a year
3️⃣ Make 2019 the definitive peak in global emissions

Read more ➡️ iea.li/37D6JIC
Based on analysis of over 30 specific policy actions & targeted investments, our Sustainable Recovery Plan would create jobs in key areas including:

☀️ Deploying renewables like wind & solar
🏘️ Improving energy efficiency in buildings
⚡️ Upgrading & expanding electricity grids
Read 6 tweets
30 Apr
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
Read 6 tweets
9 Mar
With a combination of a massive supply overhang and a significant demand shock at the same time, the situation we are witnessing today seems to have no equal in oil market history.

#THREAD
We just released @IEA’s updated forecast for global oil demand in 2020, revising it down by about 1 million barrels a day due to the impact of the coronavirus.

We expect to see the 1st full-year decline in demand in over a decade.

Our press release: iea.li/2TC2ibH
We @IEA are following the #COVID19 crisis very closely & will provide regular updates as the picture becomes clearer.

It's affecting a range of energy markets – including coal, gas & renewables – but its impact on oil is especially severe due to the effect on transport.
Read 7 tweets
13 Nov 19
THREAD

Today we launched World Energy Outlook 2019 #WEO19, our flagship report.

Here are my key takeaways from this exceptional piece of work that provides wide-ranging insights into how today's decisions will shape our energy future.

iea.li/2CC8DdJ

1/
It's important to note that #WEO19 does not provide a forecast of what will happen.

It provides a set of scenarios that explore different possible futures, the actions or inactions that bring them about, and the interconnections between different parts of the system.

2/
Deep disparities define the energy world, notably the gaps between:

• The calm in oil markets & growing geopolitical tensions
• The urgency to tackle climate change & rising emissions
• The promise of energy for all & 850m people lacking electricity

3/
Read 14 tweets

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