The Daily Brief
Coal: The Energy Source That Refused to Retire
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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Quick takeaways
- Coal demand is surging unexpectedly, particularly in emerging economies like China and India, defying expectations of its decline.
- Stock market manipulation risks, exemplified by 'pump and dump' schemes, highlight the importance of investor vigilance and regulatory oversight.
Deep dives
Coal's Unexpected Resilience
Global coal demand is experiencing a surprising increase, contrary to the widespread belief that it is a declining energy source. The International Energy Agency's latest report indicates that coal's demand reached 8.77 billion tons in 2024, the highest ever recorded, driven primarily by emerging economies like China and India. China's electricity demand, boosted by burgeoning industries such as artificial intelligence and electric vehicle manufacturing, is growing faster than its GDP, contributing to increased coal consumption. Meanwhile, India's coal use has also surged, as the country balances its commitment to renewables with the construction of new coal power plants, highlighting the complex dynamics of energy transitions.
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