New Analysis by Boston Consulting Group Reveals That the COVID-19 Crisis May Have Brought Forward an Expected Decline in Demand for Fossil Fuels by More Than a Decade, Making a Return to the 2019 Peak Unlikely While the short-term economic fallout of the global COVID-19 pandemic has already become visible, the crisis may have a significant long-term impact on global energy markets. recent research by Boston Consulting Group (BCG) suggests. Most notably, it may have brought forward an expected decline in demand for fossil fuels versus its peak last year, BCG’s report, titled Have We Passed Peak Demand for Fossil Fuels? says. BCG analyses future energy demand and energy mix along three economic scenarios, representing V-, U-, and L-shaped recoveries. It sees it highly likely that the current crisis will significantly slow down the rise in global fossil fuel demand over the coming decade. Should slower economic recovery be […]