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Ishu
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Asked: October 2, 20202020-10-02T13:02:19+05:30 2020-10-02T13:02:19+05:30In: UPSC PRELIMS

Global Energy Review 2020 by International Energy Agency (IEA)

Discuss the recent Global Energy Review 2020 by International Energy Agency (IEA).

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    1. Rajnish

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      Rajnish Optimist
      2020-10-02T13:27:03+05:30Added an answer on October 2, 2020 at 1:27 pm
      • Global Energy Review 2020 has been issued by the International Energy Agency ( IEA), describing the effect of Covid-19 on global energy demands and CO2 emissions.

      IEA’s Global Energy Review 2020:

      • Global Oil demand was also severely affected, down nearly 5% in the first quarter, largely due to a decline in mobility and aviation, accounting for nearly 60% of global oil production.
      • The road transport operation globally was almost 50 percent below the level for 2019 by the end of March and aviation 60 percent below.
      • Global energy demand declined by 3.8% in the first quarter of 2020.
      • Global coal demand was struck the hardest, dipping by almost 8% relative to the first quarter of 2019.
      • Global gas demand was declined by only 2%.
      • Demand for renewable energy increased in COVID.
      • Electricity demand has been significantly reduced as a result of lockdown measures by 20%.
      • In 2020, the study predicts that electricity consumption will plunge/fall by 6 percent, which is seven times the downturn since the global financial crisis of 2008. In the first quarter of 2020, global CO2 emissions were over 5 percent lower than in 2019.

       

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