Renewables will be the only energy source to experience growth in 2020, as Covid-19 lockdowns trigger a plunge in demand for all other energy sources amid what the International Energy Agency (IEA) is describing as the “biggest energy market shock since the Second World War”. A new IEA report, based on an analysis of 100-days of real energy data and released on April 30, forecasts a collapse in energy demand during 2020 that will dwarf the impact of the 2008/9 financial crisis.
