Why the Coal Addiction Won't End Anytime Soon
8 days ago
- #energy transition
- #coal
- #climate change
- Global coal use reached a record high in 2024, driven by demand in emerging Asian economies like China and India.
- Despite commitments to reduce coal use, many countries, especially in Asia, continue to rely heavily on coal for power generation and industrial growth.
- China alone accounts for about 30% of global coal consumption, primarily for its manufacturing industry.
- The EU and the US saw reductions in coal use due to plant retirements and increased renewable energy capacity.
- Coal-fired power generation hit a record high in 2024, contributing significantly to global greenhouse gas emissions.
- Efforts to phase out coal are lagging behind targets needed to limit global warming to 1.5°C.
- The COP26 'Glasgow Climate Pact' committed to 'phase down' coal use, but progress has been slow.
- India views coal as essential for economic growth, while the US has seen policy reversals supporting coal under different administrations.
- Greater international cooperation and support for emerging economies are needed to transition away from coal without sacrificing economic development.