BP: COVID-19 Cut Global Electric Demand by 1% in 2020, But Renewables Surged

SUGAR LAND, TEXAS--July 14, 2021--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Worldwide electricity use fell by 0.9% last year, the largest percentage decline in at least 35 years, as the COVID-19 pandemic closed businesses and government offices, forcing tens of millions of workers to work remotely, according to the BP Statistical Review on World Energy. While electricity demand fell in most advanced economies, China's demand rose 3.4% last year, the report noted.

Companies featured: BP Plc (NYSE:BP)