The impacts of the COVID-19 crisis on global energy demand and CO2 emissions

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2020 - International Energy Agency (IEA) Global Energy Review
© Copyright International Energy Agency (IEA) 2020

The IEA has issued its World Energy Outlook 2020 that also looks at the impacts of the COVID-19 crisis. Its analysis show that in countries in lockdown, the energy demand declined by 18-25% on average. IEA explores a scenario that quantifies the energy impacts of a widespread global recession caused by months-long restrictions on mobility, and social and economic activity. This results in a 6% energy demand contraction - the largest one in 70 years in percentage terms and the largest ever in absolute terms. The impact of COVID-19 on energy demand in 2020 would be more than seven times larger than the impact of the 2008 financial crisis.