The first ever Electricity Market Report produced by the International Energy Agency (IEA) focuses on developments in the world’s electricity markets amid the Covid-19 pandemic. It includes an assessment of 2020 trends and 2021 forecasts for electricity demand, supply, capacity and emissions – both globally and by country. Global electricity demand in 2020 is projected to fall by around 2%, with renewable electricity generation growing by almost 7% in 2020, squeezing conventional generation. The growth of renewables should remain the lead story in 2021, but coal is expected to bounce back.
