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A N U N P R E D I C TA B L E C R I S I S
ENERGY AND COVID-19
Bishal Rimal
075MSREE004
Source,
IEA,
MAY
2020
IMPACT
The coronavirus (Covid-19) has created the biggest global
crisis in
• Sending shock waves through health systems,
• Economies
• Global Energy consumption market
• societies around the world.
IMPACT ON ENERGY
The energy sector is also severely affected by this crisis,
which has slowed
• Transport
• Trade
• economic activity across the globe.
• According to Global Energy Review 2020,
• full lockdown countries are experiencing an average 25% decline
in energy demand per week
• partial lockdown countries experiences an average 18% decline.
THANK YOU

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Global Energy Demand Plunges Due to COVID-19 Crisis

  • 1. A N U N P R E D I C TA B L E C R I S I S ENERGY AND COVID-19 Bishal Rimal 075MSREE004 Source, IEA, MAY 2020
  • 2. IMPACT The coronavirus (Covid-19) has created the biggest global crisis in • Sending shock waves through health systems, • Economies • Global Energy consumption market • societies around the world.
  • 3. IMPACT ON ENERGY The energy sector is also severely affected by this crisis, which has slowed • Transport • Trade • economic activity across the globe. • According to Global Energy Review 2020, • full lockdown countries are experiencing an average 25% decline in energy demand per week • partial lockdown countries experiences an average 18% decline.
  • 4.
  • 5.
  • 6.

Editor's Notes

  1. As a consequence of global lockdown measures due to the Covid-19 crisis, mobility – 57% of global oil demand – declined at an unprecedented scale in early 2020. Road transport in regions with lockdowns in place dropped between 50% and 75%, with global average road transport activity almost falling to 50% of the 2019 level by the end of March.
  2. As a result of the pandemic and containment measures around the world that have brought travel and transport almost to a halt, oil consumption is falling dramatically. In April, global oil demand is estimated to drop by 29 million barrels a day compared with a year ago, a level last seen in 1995. As a result, oil demand is expected to fall by a record 9.3 million barrels a day this year, erasing almost a decade of growth.
  3. Global electricity demand decreased by 2.5% in the first quarter of 2020, though lockdown measures were in place for less than a month in most countries. Full lockdown measures pushed down electricity demand by 20% or more, with smaller effects for partial lockdowns. After correcting for weather effects, full lockdowns have reduced daily electricity demand by at least 15% in France, India, Italy, Spain, the United Kingdom and the US northwest. The largest impacts have been felt in economies that implemented strict measures and those where services make up a larger part of the economy.