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Electricity: after a historic drop in demand, a modest rebound expected in 2021

2020-12-14T07:25:51.568Z


The International Energy Agency (IEA) estimates that with the recovery of the international economy, global electricity demand should grow by around 3% ”.


The International Energy Agency (IEA) predicts a modest rebound in global electricity demand next year after a historic drop in 2020 due to the pandemic, in a report released on Monday.

Demand is expected to drop by 2% this year due to the economic and health crisis caused by Covid-19, a drop that had not been observed since the mid-twentieth century, according to the IEA.

However, this is less than what she had anticipated in the spring.

By way of comparison, this decline was only 0.6% in 2009 following the global financial crisis.

Only China is expected to do well among the big countries this year, with electricity demand up 2%, which is however well below the trend of recent years.

Global electricity demand is expected to grow by around 3%

With the recovery of the global economy in 2021, global electricity demand is expected to grow by around 3%,

” led by China and India, says the IEA in a report on the electricity market.

It is thus a “

modest

rebound

compared to that which had followed the financial crisis: in 2010, it was 7.2%.

The boom in renewables should continue next year, but also with a rebound in coal production (+ 3% after -5% in 2020), which is very polluting and harmful for the climate.

"

In emerging and developing economies, growth in demand is expected to exceed the increase in renewable and nuclear [capacity], leaving room for increased coal and gas production,

" notes the IEA.

This is expected to translate into an increase in CO2 emissions from the electricity system of around 2% in 2021, following a drop of around 5% this year.

Source: lefigaro

All news articles on 2020-12-14

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