The coronavirus pandemic is projected to have the highest cumulative impact on final energy demand in 2020, with a 8.3 percent reduction on all sectors. Lingering effects are expected to last until 2025, before evening out over the following two decades. The forecast follows the IMF's "longer outbreak" scenario, according to which the economic effects will differ across different regions, but likely last until 2025, before a return to pre-Covid GDP levels can be expected.
Forecasted cumulative final energy demand change due to long-term COVID-19 impact worldwide from 2020 to 2050*
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DNV. (September 1, 2020). Forecasted cumulative final energy demand change due to long-term COVID-19 impact worldwide from 2020 to 2050* [Graph]. In Statista. Retrieved October 26, 2024, from https://www.statista.com/statistics/1201288/covid-19-impact-on-energy-demand/
DNV. "Forecasted cumulative final energy demand change due to long-term COVID-19 impact worldwide from 2020 to 2050*." Chart. September 1, 2020. Statista. Accessed October 26, 2024. https://www.statista.com/statistics/1201288/covid-19-impact-on-energy-demand/
DNV. (2020). Forecasted cumulative final energy demand change due to long-term COVID-19 impact worldwide from 2020 to 2050*. Statista. Statista Inc.. Accessed: October 26, 2024. https://www.statista.com/statistics/1201288/covid-19-impact-on-energy-demand/
DNV. "Forecasted Cumulative Final Energy Demand Change Due to Long-term Covid-19 Impact Worldwide from 2020 to 2050*." Statista, Statista Inc., 1 Sep 2020, https://www.statista.com/statistics/1201288/covid-19-impact-on-energy-demand/
DNV, Forecasted cumulative final energy demand change due to long-term COVID-19 impact worldwide from 2020 to 2050* Statista, https://www.statista.com/statistics/1201288/covid-19-impact-on-energy-demand/ (last visited October 26, 2024)
Forecasted cumulative final energy demand change due to long-term COVID-19 impact worldwide from 2020 to 2050* [Graph], DNV, September 1, 2020. [Online]. Available: https://www.statista.com/statistics/1201288/covid-19-impact-on-energy-demand/