World Energy Outlook 2020
The World Energy Outlook, the IEA’s flagship publication, provides a comprehensive view of how the global energy system could develop in the coming decades.
This year’s exceptional circumstances require an exceptional approach. The usual long-term modelling horizons are kept but the focus for this new Outlook is firmly on the next ten years, exploring in detail the impacts of the Covid-19 pandemic on the energy sector and the near-term actions that could accelerate clean energy transitions.
The analysis targets the key uncertainties facing the energy sector in relation to the duration of the pandemic and its implications, while mapping out the choices that would pave the way towards a sustainable recovery.
The strategic insights from the WEO-2020 are based on detailed modelling of different potential pathways out of the crisis, covering all regions, fuels and technologies and using the latest data on energy markets, policies and costs.
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Building on a sustainable recovery
Lockdown measures and the economic fallout from Covid-19 mean that CO2 emissions are expected to decline by 7% in 2020 and investment in clean energy is expected to fall by 6%. In the Stated Policies Scenario (STEPS), CO2 emissions rebound in 2021, exceed 2019 levels in 2027, and rise to 36 Gt in 2030. This is far from the immediate peak and decline in emissions needed to meet climate goals, including the Paris Agreement.
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