Greenhouse gasses are down 8% thanks to coronavirus
While people shelter in their homes and companies temporarily shut down manufacturing of certain items due to the coronavirus pandemic, the environment has never been better.
Global energy demand is expected to fall 6 per cent this year (seven times that of the financial crisis ten years ago). While that will result in reduced usage of oil and gas, the demand for coal could fall by almost 8 per cent – the largest decline since World War II.
According to the International Energy Agency, the considerable drop will remove air pollution and limit damage due to global warming.
The IEA says that would reduce harmful greenhouse gas emissions by almost 8 per cent – the largest annual decrease ever recorded.
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 pic.twitter.com/TgFJkL5qBu— Fatih Birol (@IEABirol) April 30, 2020
According to Fatih Birol, the IEA's executive director. "Global CO2 emissions are set to fall nearly 8% this year to their lowest level since 2010, the largest drop in history," He tweeted.
"But this fall, on the back of premature deaths & economic trauma, is nothing to cheer. The needs structural emissions reductions driven by better policies."
While those projections may change depending on how countries adjust their energy needs over the next few months, but even without those changes, the IAE projects it will be a real boon for renewable electricity from wind, solar and hydropower (which are all expected to increase by 5 per cent).
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