Energy Demand Will Never Be The Same After COVID-19, IEA Report Finds

Energy Demand Will Never Be The Same After COVID-19, IEA Report Finds

The IEA report is based on more than 100 days of real data so far this year, and includes estimates for how energy consumption and carbon dioxide (CO. Per the IEA report , in the past 100 days we have experienced a 6% decline in global energy demand, five times what was lost in the 2008 crisis.. For instance, the IEA found that each month of worldwide lockdown at the levels seen in early April reduces annual global energy demand by about 1.5%.. Large energy companies are being hit by lower demand for energy sources, including oil, gas, coal and electricity - and by subsequently lower prices for these outputs.. Renewable energy sources, which fortunately do not require a supply chain for their fuel inputs, unfortunately add stress to these systems due their variable nature.. Policy makers will play a crucial role in how the world's energy markets look after COVID-19.. I am a Senior Fellow at the Atlantic Council and the Founding Principal of International Market Analysis, a Washington, D.C.-based global risk advisory boutique.. I am also a Senior Fellow with the International Tax and Investment Center (ITIC) where I direct their Energy, Growth, and Security Program (EGS)..