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FOSSIL FUELS HIT HARDEST BY PANDEMIC: Fossil fuels are the hardest hit from the historic drop in energy demand, while renewables could emerge relatively unscathed.
That’s the most interesting takeaway from a report by the International Energy Agency on Thursday that underlined the severity of the demand hit.
The report projects that worldwide energy demand will fall 6% in 2020 — seven times the decline after the 2008 global financial crisis — a fall that is the equivalent of losing the entire energy demand of India. The demand hit