Electricity: after a historic drop in demand, a modest rebound expected in 2021

Electricity: after a historic drop in demand, a modest rebound expected in 2021

The International Energy Agency (IEA) estimates that with the recovery of the international economy, global electricity demand should grow by around 3%”.

The International Energy Agency (IEA) predicts a modest rebound in global electricity demand

The International Energy Agency (IEA) predicts a modest rebound in global electricity demand next year after a historic drop in 2020 due to the pandemic, in a report released on Monday.

Demand is expected to fall by 2% this year due to the economic and health crisis caused by Covid-19, a drop that had not been observed since the middle of the 20th century, according to the IEA. However, this is less than what she had anticipated in the spring.

By way of comparison, this decline was only 0.6% in 2009 following the global financial crisis.

Only China should do well among the major countries this year, with electricity demand up 2%, which is however well below the trend of recent years.

Global electricity demand is expected to grow by around 3%

With the recovery of the global economy in 2021, global electricity demand is expected to grow by around 3%“, driven by China and India, indicates the IEA in a report devoted to the electricity market.

It is thus a reboundmodestcompared to that which had followed the financial crisis: in 2010, it had been 7.2%.

The boom in renewables should continue next year, but also with a rebound in coal production (+3% after -5% in 2020), which is very polluting and harmful to the climate.

In emerging and developing economies, demand growth is expected to outpace demand growth. [capacités] renewables and nuclear, paving the way for increased coal and gas generation», Notes the IEA.

This should translate into a rise in CO2 emissions from the power system of around 2% in 2021, after a fall of around 5% this year.