Global energy demand and CO2 plummet
Global CO2 emissions are on track to decline by almost 8% this year from the pandemic causing the biggest downturn in energy use since World War II.
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Global CO2 emissions are on track to decline by almost 8% this year from the pandemic causing the biggest downturn in energy use since World War II.
India raised living standards for 1.4 billion citizens by expanding access to cleaner energy sources but must do more for security and growth, IAEA said.
Global oil markets are well-supplied and companies have reserves to meet demand for more than a month despite attacks on Saudi Arabia oil production.
Energy-related CO2 emissions rose 1.7% to 33.1 billion tons from the previous year, the highest rate of growth since 2013.
Investment in renewable power, accounting for two-thirds of all power generation spending, dropped 7% last year and "there is a risk" that it will slow more this year, IEA said.