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John Armstrong

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John ArmstrongJohn Armstrong is an engineer whose career has spanned the extremes of the energy industry – giving him a front-row seat on the energy roller-coaster. He began his career...

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Oct 14, 2020 4:03 pm GMTOct 14, 2020 11:08 am GMT
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World Energy Outlook 2020 – Analysis - IEA

World Energy Outlook 2020 - Analysis and key findings. A report by the International Energy Agency.

Source: www.iea.org

This quote from the IEA 'The Covid-19 pandemic has caused more disruption to the energy sector than any other event in recent history, leaving impacts that will be felt for years to come.' sums up where we are. Covid-19 has had deep and lasting impacts on energy.... what remains to be seen is what they will be!

- Global energy demand this year has dropped by a staggering 5% in 2020...

- Energy investment down 18% in 2020...

However the IEA concludes that 'Renewables grow rapidly in all our scenarios, with solar at the centre of this new constellation of electricity generation technologies'

Certainly interesting times!

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Matt Chester on Oct 14, 2020

'Renewables grow rapidly in all our scenarios, with solar at the centre of this new constellation of electricity generation technologies'

Is this rate of growth in renewables still less than it would have been in a non-COVID world where investment wasn't interrupted? Or has the shifting landscape from 2020 somehow created a scenario where renewable/solar is more viable and timely in the immediate terms?

Thank John for the Post!

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