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Section boss Carrey VanBuren watches as a continuous mining machine breaks through a wall of coal at the Horizon Coal Mine outside Helper, Utah. Photo: George Frey / AP

White House regulatory rollbacks and higher natural gas prices have brightened the mood of the U.S. coal industry, but it still faces major headwinds and production is not heading for a multi-year resurgence, the International Energy Agency said in its just-released five-year market report.

Why it matters: The analysis signals that while White House efforts to revive the coal industry might have some success in limiting its decline in the U.S., a return to the fuel's once-dominant position isn't in the offing.

IEA projects that U.S. production will be around 510 million tons of coal equivalent in 2022, around the same as current levels. Demand declines around one percent annually but the U.S. remains a "swing supplier" in global markets.

The U.S. industry's mood has "brightened" and some new production projects were announced in 2017, but that said . . .

  • "[S]luggish power demand, abundant gas supply and renewables growth are expected to continue to generate headwinds for coal use and limit the prospects for any resurgence in construction of new coal power plants," IEA notes.

Big picture: Global coal consumption is forecast to see very small growth of around 0.5 percent annually through 2022, while it loses ground slightly as a share of global energy supply as other sources are tapped to meet rising demand.

Overall, coal's share of worldwide power generation specifically is expected to be slightly under 36 percent in 2022, which is the lowest percentage since IEA began compiling statistics over 40 years ago.

Coal use in China, by far the world's largest coal consumer, peaked in 2013 and declines very slightly during the five-year analysis period, while India sees the largest increase in absolute terms as its coal-fired power generation is predicted to grow four percent annually through 2022.

Go deeper: A detailed summary of the report is available here.

Go deeper

11 mins ago - Health

Moderna says COVID vaccine shows strong immune response in kids aged 6-11

Photo: Martin Galindo/Long Visual Press/Universal Images Group via Getty Images

Moderna on Monday released trial results for its coronavirus vaccine for children aged 6 to 11, saying it provides a "robust" immune response after two doses.

Why it matters: Moderna said it will officially submit the results to the Food and Drug Administration for authorization in "the near term," meaning we could soon see two coronavirus vaccines available to protect approximately 28 million more kids in the U.S.

Live list: The "Facebook Papers" arrive

Illustration: Annelise Capossela/Axios

Reports based on leaked whistleblower documents from Facebook, known as the Facebook Papers, appeared in a broad range of news outlets Monday, shedding light on what company knew about harms caused on its platform and how it handled that information.

Why it matters: The reports paint a detailed picture of Facebook's efforts over the years to grapple with major problems — from hate speech to inciting violence — while continuing to pursue its business objectives.

U.S. will now allow private citizens to sponsor Afghan refugees

A family boards a bus at the airport that will take them to a refugee processing center after being evacuated from Kabul. Photo: Anna Moneymaker/Getty Images

Americans wanting to help vulnerable Afghan refugees now have a new way to get involved through a new U.S. private refugee sponsorship program announced Monday.

  • Groups of at least 5 adults can apply, complete background checks and start fundraising the $2,275 per refugee required.

Why it matters: It’s a big shift in the U.S refugee process, which has long relied on non-profits.

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