- ECONOMIC IMPACT -

Latest update: 16 February

In the nine countries with the highest total Covid-19 deaths, including Brazil and the US, the death rate from 10 January to 23 January was higher than that between 27 December 2021 and 9 January 2022.

China leads the world in total vaccinations, with over 2.9 billion doses administered, ahead of India with 1.6 billion, the only other country to have administered more than one billion vaccines.

79,354,561

Close to 80 million new cases of Covid-19 have been reported in the 36 days to 24 January

36.11%

Brazil leads “top economies” with the highest rate of positive tests, the only country with more than one-third

Impact of Covid-19 on eCONOMIC RECOVERY

- SECTOR IMPACT: POWER -

Latest update: 2 February

OIL

In 2021, oil demand is expected to rebound by 6%, faster than all other fuels. The last time oil demand increased this rapidly was in 1976. Despite the strong rebound, oil demand remains 3% (3.1 mb/d) below 2019 levels.

RENEWABLES

Generation from wind and solar PV is set to grow by 17% in 2021, up from 16% in 2020. Two years of rapid growth means the share of renewables in total electricity generation will reach almost 30% in 2021, up from less than 27% in 2019.


Renewables usage grew by 3% in 2020, largely due to an increase in electricity generation from solar PV and wind of 330 TWh.

GAS

The combination of continued lower prices and rapid growth in economies across Asia and the Middle East should drive growth of 3% in gas demand in 2021. As a result, global natural gas demand in 2021 is projected to rise 1.3% above 2019 levels.

COAL

In 2020, coal demand dropped by 220 million tonnes of coal equivalent, or 4%. In 2021, coal demand has rebounded strongly, reversing the declines in 2020, though with major geographic variations.

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