

Coal: The Energy Source That Refused to Retire
4 snips Dec 27, 2024
Explore the surprising resurgence of coal consumption in countries like China and India despite a global shift to renewables. Discover the predictions from the International Energy Agency about the stabilization of coal demand by 2027. Hear cautionary tales of market manipulation where investors were misled by promises of free shares, showcasing the importance of due diligence. This insightful discussion delves into the intricate balance between energy dependence and environmental sustainability.
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Coal's Resurgence
- Coal consumption is unexpectedly rising, driven by emerging economies like China and India.
- This challenges the narrative of coal's decline and highlights the complexities of energy transitions.
China's Coal Dependency
- China's coal consumption is increasing due to factors like growing electricity demand from new industries and the use of lower-quality coal.
- This increased demand contributes significantly to global coal consumption.
India's Energy Balancing Act
- India is increasing coal use while also investing heavily in renewable energy.
- This reflects a complex balancing act between energy security and environmental goals.