Global Energy Review 2021
From the International Energy Agency, 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-
As the world enters a second year of the Covid-19 pandemic, the annual Global Energy Review assesses the direction energy demand and carbon dioxide emissions are taking in 2021. The latest statistical data and real-time analysis confirm our initial estimates for 2020 energy demand and CO2 emissions while providing insights into how economic activity and energy use are rebounding in countries around the world – and what this means for global emissions.
Greenhouse gas emissions fell about 7% last year as the COVID-19 pandemic shut down large parts of the global economy. That nearly achieved the reduction that is needed every year to keep global warming below the 1.5º Celsius increase considered the threshold for catastrophe. Instead, the International Energy Agency forecasts emissions will increase this year by 1.5 billion tons, or 5%.