Coal Endures as World’s Favorite Fuel for Electricity Generation – by Will Mathis (Bloomberg News – December 16, 2019)

https://www.bnnbloomberg.ca/

(Bloomberg) — Coal consumption is set to rise in the coming years as growing demand for electricity in developing countries outpaces a shift to cleaner sources of electricity in industrialized nations.

While use of the most polluting fossil fuel had a historic dip in 2019, the International Energy Agency anticipates steady increases in the next five years. That means the world will face a significant challenge in meeting pledges to reduce greenhouse gas emissions that cause global warming.

“There are few signs of change,” the agency wrote in its annual coal report released in Paris on Tuesday. “Despite all the policy changes and announcements, our forecast is very similar to those we have made over the past few years.”

While this year is on track for biggest decline ever for coal power, that’s mostly due to high growth in hydroelectricity and relatively low electricity demand in India and China, said Carlos Fernandez Alvarez, senior energy analyst at the Paris-based IEA.

Despite the drop, global coal consumption is likely to rise over the coming years, driven by demand in India, China and Southeast Asia. Power generation from coal rose almost 2% in 2018 to reach an all-time high, remaining the world’s largest source of electricity.

For the rest of this article: https://www.bnnbloomberg.ca/coal-endures-as-world-s-favorite-fuel-for-electricity-generation-1.1363583

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