The disruptions associated with COVID-19 may lead to a process of deglobalization, as countries seek to increase their resilience by becoming less dependent on imported goods and services. Concerns about energy security may also increase, particularly in countries which are highly dependent on energy imports.
What impact could deglobalization have on the global energy system?
Deglobalization vs rapid: Global GDP and energy in 2050
Net exports of oil and gas in 2050 (EJ)
Take a look at the section on Deglobalization in the Energy Outlook.
Explore the report, download the data or watch the replay of Spencer Dale's 2020 presentation