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The sharp drop in energy demand due to the coronavirus pandemic will reduce the energy sector's emissions by about 2.5 years by 2050 in purely arithmetical terms, according to the latest BloombergNEF (BNEF) New Energy Outlook 2020 (NEO 2020). But even this 'support' is not enough to keep the temperature rise below 2 degrees.
The peak has been reached: As the latest calculations by BloombergNEF show, emissions from fuel combustion peaked last year. After a decline of around 8% in 2020 as a result of the Covid-19 pandemic, energy emissions will rise again in the coming years as the economy recovers, but will never reach the 2019 level again. From 2027 they ...