Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Aïda Amer/Axios

Three pieces of analysis suggest trouble for the growth of low-carbon energy sectors, as we continue gauging the ongoing effects from the coronavirus pandemic.

State of play: Several industry groups and analysts issued a memorandum tallying the early stages of U.S. job losses in the sector at 3% already. Meanwhile, an intergovernmental agency warns that COVID-19 could hinder oil industry efforts on climate and a group of business leaders said 84% of their members have delayed projects.

1) A BW Research Partnership report concludes that over 106,000 workers lost jobs last month across several broad categories: efficiency, renewable power, alternative fuels, storage and grid tech, and electric cars.

  • Types of jobs lost include electricians, panel installers, wind industry technicians, manufacturing workers and more, with the efficiency sector taking the biggest hit.

Why it matters: The BW analysis provides a wide-angle look at the various reports emerging of how the economic contraction and movement restrictions are affecting these sectors.

  • The 106,400 jobs lost across these sectors in March represents an immediate 3% drop in employment, but there's more to come, according to BW.
  • "Unfortunately, this only captures the initial impacts of the COVID-19 crisis and does not include many temporarily furloughed or underemployed workers; job losses in clean energy will continue to grow into the coming months."

What's next: They estimate that the sectors identified could lose a combined half a million jobs in the months ahead absent new support.

  • The report comes as the renewables sector has been urging lawmakers — without success so far — for help as part of the wider economic response to COVID-19.
  • They're seeking relief from deadlines to take advantage of tax incentives, and the ability to quickly monetize those credits.

More broadly, there's a push in multiple regions, including the EU, to have economic rescue packages boost low-carbon energy. It comes as the sector is taking a hit worldwide.

  • For instance, the consultancy Wood Mackenzie's revised projections this week note that "2020 solar installations have been revised down by 18% from pre-coronavirus levels from 129.5 GW to 106.4 GW."

2) The International Energy Agency's monthly oil market report sounds the alarm about the diversification efforts of the world's largest oil-and-gas companies.

  • "Global capital expenditure by exploration and production companies in 2020 is forecast to drop by about 32% versus 2019 to $335 billion, the lowest level for 13 years," the Paris-based agency noted.
  • "This reduction of financial resources also undermines the ability of the oil industry to develop some of the technologies needed for clean energy transitions around the world."

3) The trade group Advanced Energy Economy released a survey about the effects of COVID-19 on their members.

  • It finds that "84% of companies have had to stop or delay projects," while nearly half have had "customers or clients cancel or delay projects through force majeure."

What's next: They estimate that the sectors identified could lose a combined half a million jobs in the months ahead absent new support.

Data: BW Research; Chart: Naema Ahmed/Axios

California has seen the steepest initial job losses in the broadly defined "clean energy" sector, per BW analysis of unemployment claims filed in March.

Go deeper: More than 100,000 clean energy workers lost their jobs in March (L.A. Times)

Go deeper

Updated 3 hours ago - Politics & Policy

1 dead after pickup truck hits Pride spectators in Florida

Police investigate the scene where a pickup truck drove into a crowd of people at a Pride parade in Wilton Manors, Florida, on Saturday. Photo: Jason Koerner/Getty Images

A driver in a pickup truck hit spectators at a Pride festival in Wilton Manors, Florida, killing a man and leaving another person hospitalized Saturday, authorities said.

Details: Fort Lauderdale Mayor Dean Trantalis told reporters police had "apprehended the driver" and that the vehicle missed a parade car carrying Rep. Debbie Wasserman Schultz (D-Fla.) "by inches."

Updated 6 hours ago - Sports

Uganda Olympic team member tests positive for COVID in Tokyo

The Uganda National boxing team's Catherine Nanziri (L) and others arrive for check-in at Entebbe international airport in Wakiso, Uganda on Friday, ahead of their departure to participate in the Tokyo Olympic Games. Photo: Badru Katumba/AFP via Getty Images

A Uganda Olympic team member tested positive for COVID-19 upon arrival in Japan late Saturday, officials said.

Why it matters: Japan's government has faced criticism for vowing to host the Tokyo Games next month as coronavirus cases rise. The Ugandan team is the second to arrive in Japan after the Australian women's softball players, and this is the first COVID-19 infection detected among the Olympic athletes, Al Jazeera notes.

Updated 10 hours ago - World

In photos: Brazilians rally against Bolsonaro as COVID deaths top 500,000

A June 19 protest in São Paulo, Brazil, against the administration of Brazilian President Jair Bolsonaro, who has railed against precautionary health measures despite the soaring COVID-19 death rate and cases. Photo: Rodrigo Paiva/Getty Images

Demonstrators took to the streets in at least 22 of Brazil’s 26 states to protest President Jair Bolsonaro's handling of the pandemic — as deaths from COVID-19 in the country surged past 500,000 Saturday, per AP.

The big picture: Brazil has the world's second-highest coronavirus death toll and third-highest number of reported cases. Only 12% of the country's population has been vaccinated against the virus, AP notes.