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The COVID-19 pandemic is a global health crisis that has major implications for world economies, energy use and CO2 emissions. According to the IEA’s World Energy Outlook 2020 report, the immediate effects of the pandemic on the energy system shows expected falls in 2020 of 5% in global energy demand, 7% in energy-related CO2 emissions and 18% in energy investment. Oil consumption is anticipated to decline by 8% and coal use by 7%. However, as with previous crises, the rebound in emissions may be larger than the decline, unless the wave of investments to restart economies is dedicated to cleaner and more resilient energy infrastructure. Decarbonizing energy use in time to avert catastrophic climate change requires increased international cooperation. Recovery measures following COVID-19 pandemic could include flexible power grids, efficiency solutions, electric vehicle charging, energy storage, interconnected hydropower, green hydrogen and other technology investments consistent with long-term energy and climate sustainability.
In line with the Sustainable Development Goals (SDGs), there is a global movement to address these challenges by substantially increasing investment in renewable energy technologies and implementation, doubling the rate of improvement to energy efficiency, and changing user behaviours, with the aim to achieve absolute decoupling between energy consumption and economic growth.
Created a Post in Climate Change, Energy
Academic researchers have produced the whitest-ever paint, with the aim of boosting the cooling of buildings and tackling the climate crisis. The new paint reflects 98% of sunlight as well as radiating infrared heat into space, reducing need for air conditioning.
Created an Event in Energy, Cities and Urban Development, Climate Change
Created a Post in Energy
Energy Poverty in China: A Dynamic Analysis Based on a Hybrid Panel Data Decision Model
Renewable Energy Systems 2020
Kriging Method-Based Return Prediction of Waste Electrical and Electronic Equipment in Reverse Logistics
Created a Post in Climate Change, Energy, Sustainable Finance
Bangladesh has approved its first green bond, to finance environmentally-friendly projects including renewables.
Created a Post in Climate Change, Energy, Industry and Entrepreneurship
Can fossil fuel subsidy reform in emerging economies bring large environmental benefits? Will it affect the number of industrial jobs? Check out this report by OECD on assessing the impact of energy prices on plant-level environmental and economic performance.
Wind power capacity needs to grow three-times faster in the next decade to reach net zero, according to the Global Wind Report 2021 by the Global Wind Energy Council (GWEC).
Philippines to build first offshore wind farm: What lessons can it learn from Asian neighbours?
WRI has launched a new microsite on #JustTransitions. It highlights initiatives by governments, communities and companies that provide lessons for how workers and communities can benefit from the transition to a zero-carbon economy.