In 2020, the consumption of fossil fuels in the United States will drop to the lowest level in 30 years From EIA
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According to the latest data released by the US Energy Information Administration (EIA), Americans’ consumption of fossil fuels in 2020 is the lowest in 30 years. Oil, gas and coal consumption fell 9% last year compared with 2019, the biggest annual decline since the EIA began recording in 1949.
The outbreak of cowid-19 was the main reason for the significant decline last year, as people were forced to stay at home for social isolation and use less natural gas. In April 2020, because of too little demand, oil prices fell below $0. Compared with the previous year, the U.S. transportation sector alone will use 15% less energy in 2020. Higher temperatures last winter also helped reduce energy demand for heating, according to the EIA. As a result, greenhouse gas emissions from burning fossil fuels have plummeted to the lowest level in nearly 40 years.
To avoid a climate crisis, this downward trend will have to continue. In rejoining the Paris climate agreement, US President Joe Biden promised that the US would cut its global heating pollution by half from its near peak level in 2005 within this decade. This is part of a global effort to keep global warming below the level that life on earth will not be able to adapt to, that is, the global average temperature is about 1.5 degrees Celsius higher than the pre industrial level.
According to a recent landmark report of the International Energy Agency, in order to achieve this goal, new fossil fuel projects should not be invested. The oil and gas industry has felt pressure from lawsuits and active investors to move faster to more sustainable forms of energy.
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