Corona Virus Current Affairs - 2020
According to a survey, in 2019, the global coal power plant development declined for the fourth consecutive year. A total of 13 GW of capacity construction delayed due to Corona Virus.
The survey was conducted by the Global Energy Monitor, Sierra Club, Greenpeace international and the Centre for Research on Energy and Clean Air.
Key Findings of the survey
The annual survey says that 15 major plants have been delayed so far due to supply chain and labour force issues. The new coal plant developers are facing increased difficulties all over the world as restrictions come from banks and insurers.
However, China’s approval of production has increased.
Between March 1 and March 18, 2020, China has approved more coal power (6.6 GW). In 2019, China had approved 6.3 GW of coal-based production. The number of coal based power plants entering into operation has increased in China since 2018 according to the survey. On the other hand, the global coal fleet is shrinking.
Tags: China • Clean Energy • Clean Energy Transition • Coal • coal sector
The United Nations has estimated that around 25 million jobs are to be lost due to the COVID-19 impacts.
The organization reported that the economic and human lockdown is bringing in on a global economic break down. Around 3.3 million Americans have applied for unemployment benefits. Italy, one of the most affected countries has shut down most of its industries.
Italy is the third largest economy in the continent of Europe. It is the major exporter of textiles, machinery and has now become the first developed country to become idle.
Saudi Arabia has gone into a complete lock down including the holy cities Mecca and Medina. The Brazilian Governors defied President Jair Bolsonaro’s order to reopen schools and businesses. Brazil has so far accounted 2,500 deaths due to the disease.
In India, the count has touched 694 and, in the world, it has become 486,702. With the world entering towards complete lock down, China is reopening its industries and normalizing lives.