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Reproduced from Ember; Chart: Axios Visuals

The clean energy think tank Ember finds India's coal demand may have peaked in 2018 and might never fully return from further declines during the pandemic.

Driving the news: That would break with projections that India's coal thirst will keep rising for a long time as the growing nation's overall energy demand surges.

  • For instance, the International Energy Agency's "stated policies" scenario — which models current and announced policies — sees coal generation rising over this decade.

But, but, but: A lot more renewables are needed to keep coal-fired power from rising. "Peaking of coal-fired generation is contingent on India meeting its wind and solar generation targets," Ember's report states, adding India's not on pace.

Why it matters: India is the world's 3rd-largest carbon emitter. IEA projects that it will see the biggest increase in energy demand of any country over the next 20 years.

  • Fuels used to meet that demand will influence the world's success — or failure — at stemming emissions.

The bottom line: "As India recovers from the COVID-19 pandemic shock, the choices it makes for its power sector can make or break its coal-to-clean electricity transition in the next decade," the report concludes.

Go deeper: India's energy surge makes it pivotal for the climate

Go deeper

Ben Geman, author of Generate
Feb 16, 2021 - Energy & Environment

The status and politics of the Texas power crisis

Photo: Montinique Monroe/Getty Images

More than 4.3 million Texas homes and businesses are without power as of Tuesday morning, per the tracking service poweroutage.us.

Why it matters: Bitter cold temperatures and winter storms are wreaking havoc on the power system in Texas and its refineries, and affecting other states too.

Feb 16, 2021 - Economy & Business

Americans are consuming more foreign content than ever

Illustration: Sarah Grillo/Axios

Content from abroad is boosting its share of the American entertainment diet, thanks in large part to streaming, the pandemic and the creator economy.

Why it matters:  "As 'American exceptionalism' has become less of a truth geopolitically, the same goes for entertainment," says Brad Grossman, founder and CEO of ZEITGUIDE.

Dan Primack, author of Pro Rata
38 mins ago - Economy & Business

Peloton stock tanks on report of production halt

Illustration: Aïda Amer/Axios

Peloton stock fell by as much as 25% on Thursday, following a CNBC report that the connected fitness company will temporarily halt production on its bikes and treadmills.

Why it matters: Peloton is viewed by many as a proxy for consumer behavior in the pandemic era, as its popularity surged when gyms closed and people wanted to exercise at home.