The International Energy Agency expects carbon dioxide emissions to decline by 8 percent this year due to the devastation the coronavirus wreaked on energy demand. The agency said in the new edition of it Global Energy Review that the annual drop in oil demand this year could reach 9 percent, which translates into a loss of 9 million bpd. This would make 2020 oil demand equal to the average levels in 2012. Coal demand will also fall substantially, by 8 percent, the IEA said, driven by lower electricity demand. The same is true of natural gas demand, although the authority did not provide specific demand drop figures for full-2020, although it did mention that gas demand fell by 2 percent during the first quarter. There is good news for renewables, however. According to the IEA, demand for energy from renewable sources will actually increase this year, bucking the trend. […]