Covid-19 crisis will wipe out demand for fossil fuels, says IEA

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Renewable electricity may be only source to withstand biggest shock in 70 years

Renewable electricity will be the only source resilient to the biggest global energy shock in 70 years triggered by the coronavirus pandemic, according to the world’s energy watchdog.

The International Energy Agency said the outbreak of Covid-19 would wipe out demand for fossil fuels by prompting a collapse in energy demand seven times greater than the slump caused by the global financial crisis.

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from The Guardian https://ift.tt/3aMNE6D

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