IEA (2021), Global Energy Review 2021, IEA, Paris https://www.iea.org/reports/global-energy-review-2021
In this report
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.