Dec 18, 2024 - Energy & Climate
Coal use keeps setting new world records
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The world's appetite for coal is growing more slowly these days but still setting fresh records, new International Energy Agency data shows.
Why it matters: It's the most CO2-emitting fuel. The chart above is one reason why Paris Agreement climate goals are fast slipping out of reach.
The big picture: Coal demand is falling in the U.S. and Europe, but the pace has "significantly" slowed, IEA's report finds.
- It's rising in emerging economies including India, where it grew 5% this year.
- As always, coal's path depends largely on China, the dominant consumer. Its power plants burn a third of all coal used worldwide.
- Electricity needs are rising there, but so is deployment of renewables.
What's next: Global use could plateau through 2027 as renewables growth helps meet rising energy demand, IEA finds.
