Top 10 Global Energy Review findings
As the world enters a second year of the Covid-19 pandemic, the annual Global Energy Review assesses the direction energy demand and carbon dioxide emissions are taking in 2021. The latest statistical data and real-time analysis confirm our initial estimates for 2020 energy demand and CO2 emissions while providing insights into how economic activity and energy use are rebounding in countries around the world – and what this means for global emissions.
The accelerating rollouts of Covid-19 vaccinations in many major economies and widespread fiscal responses to the economic crisis are boosting the outlook for economic growth and leading to a rebound in energy demand in 2021. The report explores whether the rebound in activity risks pushing CO2 emissions to a new high and to what degree new policies targeting a sustainable recovery are able to curb a rebound in emissions.
The pace of global vaccine rollouts, the possible emergence of new variants of the Covid-19 virus, and the size and effectiveness of economic stimulus measures all represent major uncertainties for the outlook. This analysis therefore not only charts a possible path for energy use and CO2 emissions in 2021 but also highlights the many factors that could lead to differing outcomes. Here are the top 10 key findings from the report.