Global energy demand to plummet in 2020

Global energy demand could fall by six percent in 2020 – the steepest decline in 70 years – according to an International Energy Agency (IEA) report that assesses the impact of the coronavirus pandemic
 

Global energy demand, 1900-2020 (% change) 	Projection

Coronavirus crisis: 6% decline would be seven times greater than impact of 2008 financial crisis

Spanish flu
Great Depression
World War II
First oil shock
Second oil shock
Financial crisis

30
20 
10 
0 
-10
-20
	1900 1910 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020


Primary energy demand by fuel in 2020 relative to 2019 
(projected change, %)

Electricity demand
Set to decline 5% (largest drop since Great Depression)

	Coal	Gas	Oil	Nuclear	Renewables	Total energy demand
0 					0.8 
-2 				-2.5
-4 
-6 		-5.0					-6.1
-8 	-7.7
-10			-9.1


Sources: Business Insider, IEA 
Picture: Getty Images 
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