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Lockdown cuts India’s energy demand by 30%, says IEA
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NEW DELHI: India’s 40-day long lockdown has resulted in a 30% fall in the country's energy demand, according to Paris-based International Energy Agency (IEA).
In what is being described as a result of the biggest shock since the Second World War, global energy demand is set to plunge this year.
Energy consumption, especially electricity and refinery products, is typically linked to overall demand in an economy. “India’s full national lockdown has reduced energy demand by almost 30%, meaning that with each additional week of lockdown, annual energy demand is reduced by 0.6%.
Overall we estimate that an additional month of the restrictions in place as of early April would reduce global annual energy demand by around 1.5%," said IEA in its
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