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Data: IEA; Chart: Axios Visuals

Global coal demand is slated to rise by 2.6% next year after 2020's steep pandemic-fueled decline, the International Energy Agency said in a report Friday.

Why it matters: Coal is the most carbon-intensive fuel, so its trajectory means a lot for global efforts to fight global warming.

The big picture: The analysis sees demand flattening out through the mid-2020s after next year's bump, which means that 2013 was likely the global peak.

  • However, IEA notes that coal is not on track for the kind of decline that would consistent with steep global emissions cuts, thanks largely to persistent demand in Asia.
  • "The trends outlined in the report pose a major challenge to efforts to put those emissions on a path compatible with reaching climate and sustainable energy goals," IEA said in a summary.

Go deeper

Amy Harder, author of Generate
Jan 19, 2021 - Energy & Environment

Global investments into clean-energy technology reach record high

Reproduced from BloombergNEF; Chart: Axios Visuals

Investments into clean-energy technologies totaled more than $500 billion for the first time ever, according to a BloombergNEF report released Tuesday.

Why it matters: Technologies making energy and other material cleaner needs to expand rapidly if the world is to adequately address climate change in the coming decades.

Dion Rabouin, author of Markets
22 mins ago - Economy & Business

First glimpse of the Biden market

Photo: Jonathan Ernst-Pool/Getty Images

Investors made clear what companies they think will be winners and which will be losers in President Joe Biden's economy on Wednesday, selling out of gun makers, pot purveyors, private prison operators and payday lenders, and buying up gambling, gaming, beer stocks and Big Tech.

What happened: Private prison operator CoreCivic and private prison REIT Geo fell by 7.8% and 4.1%, respectively, while marijuana ETF MJ dropped 2% and payday lenders World Acceptance and EZCorp each fell by more than 1%.

Mike Allen, author of AM
54 mins ago - Politics & Policy

Biden-Harris, Day 1: What mattered most

President Joe Biden and first lady Dr. Jill Biden arrive at the North Portico of the White House. Photo: Alex Brandon-Pool/Getty Images

The Axios experts help you sort significance from symbolism. Here are the six Day 1 actions by President Biden that matter most.

Driving the news: Today, on his first full day, Biden translates his promise of a stronger federal response to the pandemic into action — starting with 10 executive orders and other directives, Caitlin Owens writes.

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