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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 an Event in Green Learning Network, Energy
Created a Post in Energy
The uptick: Italy showing leadership now, too. Wow.
BBC is looking at the heart of the green growth question in Africa: can we leapfrog dirty technologies to get those critical energy needs? Hear from a man who worked in a Nigerian power authority.
Created a Post in Energy, Sustainable Finance, Transportation and Mobility
ADB and Energy Absolute Public Company Limited signed a 1.5 billion Thai baht ($47.62 million) green loan to finance ongoing renewable energy projects and a countrywide electric vehicle (EV) charging network in Thailand. This green loan is the first climate loan in Thailand to be certified by the Climate Bond Initiative.
Created a Post in Energy, Sustainable Finance
New NRGI Report says the world’s state-owned fossil fuel companies are poised to invest about $1.9tn (£1.4tn) in the next decade in projects that would destroy any prospect of meeting the Paris agreement climate goals.
How the race for renewable energy is reshaping global politics
Whatever the resistance, the green transition has now gathered so much momentum — with net-zero goals enshrined in law in many countries — that what once looked impossible now seems inevitable. Just as the advent of coal and oil remade the world, clean energy is set to do the same. The energy transition will not only cut emissions: it will redistribute power.
Created a Post in Green Recovery from COVID-19, Energy
Energy Access Is Key to Sub-Saharan Africa's Economic Recovery
Analysis of Local Measurement-Based Algorithms for Fault Detection in a Multi-Terminal HVDC Grid
Roles and Perspectives When Estimating Energy and Environmental Potentials of Urban Consolidation
Dynamic Carbon-Constrained EPEC Model for Strategic Generation Investment Incentives with the Aim of Reducing CO2 Emissions