Friday, December 24, 2021

Coal power’s sharp rebound is taking it to a new record in 2021, threatening net zero goals

Only Western countries are delusional about plentiful and cheap coal as a source for power generation! It is high time to correct the Western elites pushing this nonsense of net zero etc.

"The amount of electricity generated worldwide from coal is surging towards a new annual record in 2021, undermining efforts to reduce greenhouse gas emissions and potentially putting global coal demand on course for an all-time high next year, the International Energy Agency said in its latest annual market report.

After falling in 2019 and 2020, global power generation from coal is expected to jump by 9% in 2021 to an all-time high of 10,350 terawatt-hours, according to the IEA’s Coal 2021 report, which was released today. The rebound is being driven by this year’s rapid economic recovery, which has pushed up electricity demand much faster than low-carbon supplies can keep up. The steep rise in natural gas prices has also increased demand for coal power by making it more cost-competitive.   ..."

Coal power’s sharp rebound is taking it to a new record in 2021, threatening net zero goals - News - IEA Rapid economic recovery is driving global coal power generation to a record this year and overall coal demand to a potential all-time high as soon as 2022, underlining urgent need for policy action

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