18/05/2023
What comes after peak coal? Energy crisis drove coal use to record highs.
Last year’s energy crisis drove coal use around the world to record highs as power producers from China to India to Germany scoured the globe for fuel supply in a worrying trend for the fight to reduce planet-warming emissions.
However, peak coal does not mean the end of coal. Rather, Wood Mackenzie’s outlook shows a gentle decline for the fuel. Even with a peak this year, consumption is on track to be only slightly lower in 2030 than it was in 2015, according to the group.
SOURCE/LINK:
https://worldnewsera.com/news/finance/stock-market/what-comes-after-peak-coal/
See more news