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EV Special Report New Energy Outlook 2020

Emissions and BloombergNEF’s New Energy Outlook 2020 sees

Coal Have Peaked total oil demand peaking in 2035, and growth in
clean energy technology-yet, world still heading for
as COVID-19 3.3-degree temperature rise

Saves 2.5 Years
The stark drop in energy demand due to the coronavirus pandemic
of Emissions, will remove some 2.5 years’ worth of energy sector emissions

between now and 2050, according to research company
Accelerates Energy BloombergNEF’s(BNEF) latest New Energy Outlook 2020(NEO

Transition 2020).

BNEF’s latest projection of the evolution of the global energy
system over the next 30 years, using its proprietary Economic
Transition Scenario, shows that emissions from fuel combustion
peaked in 2019. Down approximately 8% in 2020 as a result
of the COVID-19 pandemic, energy emissions rise again with
economic recovery, but never again reach 2019 levels. From 2027
on, they fall at a rate of 0.7% per year to 2050.

This prospect is based on a huge build-out of super-competitive
wind and solar power, the uptake of electric vehicles and
improved energy efficiency across industries. Together, wind and