Global energy demand to plunge this year: International Energy Agency

New York/IBNS: The Covid-19 pandemic represents the biggest shock to the global energy system in more than seven decades, with the drop in demand this year set to dwarf the impact of the 2008 financial crisis and result in a record annual decline in carbon emissions of almost 8 percent, International Energy Agency said.

Modern bioenergy leads the growth of all renewables to 2023, according to latest IEA market forecast

Paris, Oct 8 (IBNS): Modern bioenergy will have the biggest growth in renewable resources between 2018 and 2023, underscoring its critical role in building a robust renewable portfolio and ensuring a more secure and sustainable energy system, according to the International Energy Agency’s latest market forecast.