According to The International Energy Agency, renewable electricity will be the only source resilient to the biggest change in energy provision since wartime.
This follows on from our article last week, where we outlined the fact that reducing greenhouse gas emissions and being prepared to do more on the climate change front is essential to the UK’s recovery from the Covid-19 pandemic.
The IEA’s report summarised a number of pressing predictions:
- Demand for fossil fuels would be wiped out by Covid-19, prompting a collapse in energy demand equivalent to around 700% of that triggered by the global financial crisis.
- Covid-19 would trigger a slump in the demand for oil, gas and coal that could last for up to 30 years.
- Renewable energy is likely to continue to see sustained growth, meaning clean electricity is likely to play a fundamental role in the global energy system and eradicate the last 10 years’ worth of carbon emission growth.
These are powerful predictions from the world’s energy watchdog, and ones that will make an impression on our readers, especially those who would like to do more to prevent climate change. Our recent survey showed that over 73% of people are wanting to do more in the area, in light of Covid-19:
The growth of renewable energy is forecasted at 5% this year – a figure which would make up around 30% of the world’s faltering demand for electricity. Importantly, the growth of renewable energy in light of the pandemic could spur non-renewable energy producers to generate renewable and cleaner energy.
With global energy demand likely to plummet by 6% this year alone, there is no greater opportunity than the present to begin the process of change. The Covid-19 pandemic has not only changed the mindset of consumers, but the impact of the virus has forced the hand of some of the largest providers of fossil fuels. The start of 2020 is likely to be the start of the end of our energy as we know it, so if we can help with any aspects of your renewable energy provision, then get in touch today.
