COVID-19 and the Future of Energy Markets: Will Coal Remain Dominant?

https://stanford.io/2V4VfYt As economies around the world have screeched to a halt because of COVID-19, coal has taken a hit—and air quality has improved accordingly. Global coal demand dropped 8% in the first quarter of 2020 relative to the same period last year, mainly due to the pandemic’s impact on China, which is by far the world’s largest consumer of coal. Because of the curtailment of transportation around the world, oil markets are now seeing even more dramatic impacts than coal markets. Join Frank Wolak and Mark Thurber from the Program on Energy and Sustainable Development at Stanford's Freeman Spogli Institute for International Studies as they assess whether the reduction in the role of coal and other fossil fuels is likely to be permanent, or whether they will emerge stronger than ever when the pandemic is over.