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Global EV Outlook 2020
…electric vehicles are expanding significantly. Ambitious policy announcements have been critical in stimulating the electric-vehicle rollout in major vehicle markets in recent years. In 2019, indications of a continuing shift from direct subsidies to policy approaches that rely more on regulatory and other structural measures – including zero-emission vehicles mandates and fuel economy standards – have set clear, long-term signals to the auto industry and consumers that support the transition in an economically sustainable manner for governments. After entering commercial markets in the first half of the decade, electric car sales have soared. Only about 17 000 electric cars…
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Clean Energy Transitions Programme 2019
…America and Southeast Asia); and globally. Executive summary 2019 CETP Highlights 41%: Proportion of global CO2 emissions from fuel combustion emitted by CETP priority countries36 exchanges with ministers and high-level officials96 technical exchanges in CETP priority countries15 capacity-building events1 709 participants trained41 reports produced or enhanced7.2: CETP 2019 budget (in EUR millions)**These figures are estimated projections and are provided for information purposes only. Formal financial reports will continue to be provided in established and agreed formats to member countries via the Committee on Budget and Expenditure and to individual donors via financial reports. CETP progress in 2019…
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Oil Market Report - February 2020
…market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights Global oil demand has been hit hard by the novel coronavirus (Covid-19) and the widespread shutdown of China’s economy. Demand is now expected to fall by 435 kb/d y-o-y in 1Q20, the first quarterly contraction in more than 10 years. We have cut our 2020 growth forecast by 365 kb/d to 825 kb/d, the lowest since 2011. Lower-than-expected consumption in the OECD trimmed…
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Coal 2020
…Expanding LNG supply put pressure on natural gas prices, which fell by two‑thirds in Europe from January to September 2019. In the United States, where natual gas is generally cheap, prices in 2019 were 30% lower on average than the previous year. This spurred significant coal-to-gas switching in the power sector. In the European Union, coal-fired power generation saw its largest drop ever, both in relative and absolute terms. In the United States, it experienced its largest drop in percentage terms and second-largest in absolute terms. In India, 2019 marked the first year in four decades…
- Demand
- Supply
- Trade
- Prices and costs
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China’s Emissions Trading Scheme
…It will allocate allowances (also known as permits), based on the plant’s generation output, with a different benchmark for each fuel and technology. China’s ETS, set to expand to seven other sectors, will be the world’s largest by far, covering one-seventh of global CO2 emissions from fossil-fuel combustion.
The initial years of operation will be crucial to test the ETS’s design and establish trust. Given the dominance of coal power in China’s power sector and in its overall CO2 emissions, how the country’s fleet of coal-fired power plants is managed will… -
Renewables 2020
Analysis and forecast to 2025 In May 2020, the IEA market update on renewable energy provided an analysis that looked at the impact of Covid-19 on renewable energy deployment in 2020 and 2021. This early assessment showed that the Covid-19 crisis is hurting – but not halting – global renewable energy growth. Half a year later, the pandemic continues to affect the global economy and daily life. However, renewable markets, especially electricity-generating technologies, have already shown their resilience to the crisis. Renewables 2020 provides detailed analysis and forecasts through 2025 of the impact of Covid-19 on renewables in…
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Post Covid-19, further reform is necessary to accelerate China’s clean energy future
…societies emerge from confinement, especially in China where the post-Covid recovery was fast both from a medical and economic point of view. The impact on different parts of the energy system has varied widely, depending on their role. In China and elsewhere, the crisis hit demand for jet fuel and gasoline hardest because of their role in transporting people.During lockdowns, household electricity consumption in most countries, including in China, was actually higher than usual as people stayed at home and worked online. The big blow to demand came in the service sector as shopping malls, cinemas and hotels…