DNV GL: COVID-19 alone not enough to hit Paris climate goals

The COVID-19 pandemic will have a dramatic impact on energy supply and demand in the short term and will have lasting impacts once the pandemic dissipates but on its own will not be enough to advance the world’s progress towards the Paris climate ambitions, classification society DNV GL said.

DNV GL said that its energy forecast was predicated on IMF’s longer outbreak scenario, where World GDP will shrink 6 per cent in 2020 with lingering effects of the pandemic reducing World GDP in 2050 by 9 per cent, relative to pre-pandemic forecasts.

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