Dec 13, 2019

Asia is coal's epicenter

Expand chart
Reproduced from IEA; Chart: Axios Visuals

The International Energy Agency is out with a preview of next week's report on the state of coal and the future of the resource over the next five years.

What they found: One conclusion is that Asia will largely dictate the future of how quickly the world does — or doesn't — begin moving away from the most carbon-emitting fuel.

The big picture: Coal use is falling fast in the U.S. and the EU, but it's rising in Asia, which, as the chart above shows, now dominates coal-based electricity.

"As Asia’s share continues to rise, the rest of the world is becoming increasingly irrelevant in the conversation about coal power generation, which is one of the key sources of global CO2 emissions."
— Carlos Fernandez Alvarez, IEA analyst

Go deeper:

Go deeper

IEA forecasts rising global coal consumption until 2024

After briefly declining as the Paris Climate Agreement was finalized in 2015, global coal consumption is now poised to keep growing — albeit only slightly, according to a new International Energy Agency forecast.

Go deeperArrowDec 17, 2019

U.S. greenhouse gas emissions fell by estimated 2.1% in 2019

Power lines in California in 2019. Photo: Jane Tyska/MediaNews Group/The Mercury News via Getty Images

U.S. greenhouse gas emissions fell by 2.1% in 2019 due to a decrease in national coal consumption, according to estimates from the Rhodium Group released Tuesday.

Why it matters: Power generated from coal plants fell by a record 18%, and overall emissions from the power section declined by almost 10% — despite an increase in emissions from natural gas.

Go deeperArrowJan 7, 2020

Goldman Sachs moves away from financing coal and Arctic oil

A Mendeleev Prospect oil tanker. Photo: Alexander Ryumin/TASS via Getty Images

Goldman Sachs says it won't directly finance Arctic oil-and-gas exploration, new coal-fired power plants (unless they trap carbon), or new mines for coal used in electricity.

The big picture: Those are three big pieces of the banking giant's revised climate policies unveiled over the weekend.

Go deeperArrowDec 16, 2019