The Covid-19 pandemic and resulting economic crisis had an impact on almost every aspect of how energy is produced, supplied, and consumed around the world.
The pandemic defined energy and emissions trends in 2020 – it drove down fossil fuel consumption for much of the year, whereas renewables were largely immune. While the demand for fossil fuels was hardest hit in 2020, low-carbon fuels and technologies, in particular, solar PV and wind, reached their highest ever annual share of the global energy mix, increasing it by more than one percentage point to over 20%. In fact, wind capacity additions increased by 8% in 2020, while another record for global solar PV additions is anticipated for 2021, with nearly 117 GW installed – a nearly 10% rise from 2020.
Solar and wind technologies are at the heart of the transition to a less carbon-intensive and more sustainable energy system and have proven themselves resilient to the Covid-9 crisis. In the wake of the pandemic, investments in grid infrastructure to connect projects and to support integration of their variable output will be key in accelerating the recovery.
Source: International Energy Agency