2020 has been nothing like we expected. The constant evolution of the Covid19 pandemic has drastically impacted the global energy demand, as lockdowns all over the world have led to reduced economic activity. At Enerdata, we have been monitoring the global energy markets continuously, and are keen to share our findings leveraging our latest statistics and newest short-term estimates with you.
This quarterly update of the Global Energy Trends publication features statistics for all energies and emissions, consolidated electricity data up to the end of September 2020, and robust estimates for the rest of the year, with focused analyses for some key G20 countries: China, US and EU 28. It notably looks at the energy demand rebound after lockdowns, the evolution of G20 countries' power mix, or whether emissions reduction goes beyond energy demand reduction. We also highlight the transport sector, which was impacted like no other.
* Includes international air and sea transport (not included in country data).
As expected, the world economy crashed in Q2 2020
Quarterly GDP growth (%, Q4-2019, Q1-2020 and Q2-2020)
Other Notable 2020 Key Findings detailed in the Global Energy Trends Publication:
Enerdata’s analysis with 2019 actual statistics and 2020 estimates
May 19, 2020
The year 2019 was marked by a global economic slowdown (-0.6 points) that translated into a much lower energy consumption growth (0.6% compared to 2.2% in 2018).
This publication analyses global and regional figures, drilling down to some key countries. In addition, short- to mid-term scenarios are elaborated to assess the implications of the COVID 19 situation on the global energy markets.
* G20 countries account for 80% of global energy consumption
The change was particularly drastic for coal, whose consumption registered a sharp decline (-3,6%, compared to +0,6% in 2018), while oil consumption accelerated (+1,2%), and gas consumption continued on its upward trend (+3,2%), spurred by surging gas production in the United States.
Electricity consumption growth, following the more sluggish economic conditions, slowed down (+0,7% total) in most G20 countries, and declined in some.
Other Notable 2019 Trends in the G20, as Detailed in the Global Energy Trends Publication: