Despite accelerated progress over the past decade, the world will fall short of ensuring universal access to affordable, reliable, sustainable and modern energy by 2030 unless efforts are scaled up significantly, a new report by several agencies said.
The supply of coal to the power sector by state-owned Coal India has dropped 22% to 31.95 million tonnes in April amid slump in the fuel demand in the country on account of COVID-19-induced lockdown. Coal India had supplied 40.90 million tonnes of April, 2019, coal ministry said.
Global energy investments are set to nosedive by 20%, or about $400 billion, as compared to last year due to the COVID-19 crisis, resulting in serious implications for energy security and clean energy transitions, according to a latest report by the International Energy Agency (IEA). It added that this would be the largest drop in global energy investment in history, with spending expected to plunge in every major sector from fossil fuels to renewables, and efficiency.
According to the second edition of annual Supply Side Analysis 2019 report by The Global Wind Energy Council (GWEC), 22,893 wind turbines were installed globally in 2019 produced from 33 suppliers and accounting for over 63 GW of capacity, a new supply side record in terms of capacity for the industry.