IEA warns of slowest decade of energy demand growth since 1930s

FINANCIAL TIMES 🔒 | A prolonged battle with the pandemic and a weaker global economy will usher in the slowest decade of worldwide energy demand growth since the 1930s, the International Energy Agency said on Tuesday.

“The Covid-19 pandemic has caused more disruption to the energy sector than any other event in recent history, leaving impacts that will be felt for years to come,” the Paris-based body said in its long-term outlook.

In its “stated policies” or base-case scenario, which assumes coronavirus is controlled and the global economy returns to pre-pandemic levels in 2021, consumption rebounds to its pre-crisis level in early 2023.

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