Coal: fossil fuel is burning bright despite renewable energy drive. Coal consumption refuses to disappear as quickly as climate change activists would like. As of 2019, coal-fired generation provided 36 per cent of the world’s electricity, according to the International Energy Agency. It forecasts that this figure needs to fall by more than half in 2030 to meet carbon emission targets on global warming. Good luck with that. Steady demand in Asia and falling coal investment suggest that prices, up by half this year, have further to rise.
FT 24th June 2021 read more »