Putting the Covid oil crash in context
2020 marked a mere blip on humanity’s meteoric rise in energy demand
The 2020 lockdown-induced crash in energy demand must be considered against the wider trend of unstoppable demand growth. Ensuring a ‘just’ transition means advanced economies must decarbonise quickly enough to allow for some fossil-fuelled development in the global South, while keeping emissions within planetary safe boundaries. And as Covid-19 reminds…