Home / India News / Covid-19 contributed in 2.5 years' worth fall in emissions: BNEF report

Covid-19 contributed in 2.5 years' worth fall in emissions: BNEF report

The report attributed the current fall in emissions to build-out of wind and solar power, the uptake of electric vehicles and improved energy efficiency across industries.

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NEO said coal based power would peak in China in 2027 and India in 2030. It will collapse to 12 per cent of global electricity generation in 2050.

Shreya Jai New Delhi

2 min read Last Updated : Oct 27 2020 | 10:08 PM IST

The New Energy Outlook (NEO) 2020 by Bloomberg New Energy Finance (BNEF) indicated, the drop in energy demand due to the coronavirus pandemic would remove 2.5 years’ worth of energy sector emissions between now and 2050.

The economic transition scenario in the NEO showed that emissions from fuel combustion peaked in 2019 and were down approximately 10 per cent in 2020 as a result of the Covid-19 pandemic. “Energy emissions will rise again with economic recovery, but never again reach 2019 levels. From 2027 on, they fall at a rate of 0.7 per cent per year to 2050,” said the

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