The coronavirus (Covid-19) has created the biggest global crisis in generations, sending shock waves through health systems, economies, and societies around the world. Faced with an unprecedented situation, governments are focused on bringing the disease under control and reviving their economies.
The energy sector is also severely affected by this crisis, which has slowed transport, trade and economic activity across the globe. Our latest analysis of daily data through mid-April, published in our Global Energy Review 2020, shows that countries in full lockdown are experiencing an average 25% decline in energy demand per week and countries in partial lockdown an average 18% decline.
The implications of the pandemic for energy systems and clean energy transitions are still evolving but three areas in particular stand out:
- Energy security remains a cornerstone of our economies especially during turbulent times;
- Electricity security and resilient energy systems are more indispensable than ever for modern societies;
- Clean energy transitions must be at the center of economic recovery and stimulus plans.
In all these areas, the IEA is focused on bringing data, analysis and real-world solutions to help governments navigate these challenges and build secure and sustainable energy systems.
An unprecedented decline in demand for mobility
Lockdowns have also driven decreases in electricity demand
Energy investment is set to fall by one-fifth in 2020
Covid-19 impact on electricity
Post Covid-19, further reform is necessary to accelerate China’s clean energy future
After an unprecedented shock, further reforms will be crucial for accelerating the transition to a more secure and cleaner energy future
Covid-19 impact on coal
Latest data on Covid-19 impacts on coal markets