Thursday, October 31, 2024

The robustness of coal?

From Tyler Cowen.

"Coal consumption in 2030 is now estimated 6% higher than only a year ago. That may sound small, but it amounts to adding the equivalent of the consumption of Japan, the world’s fourth-largest coal burner. By 2030, the IEA now believes coal consumption will remain higher than it was back in 2010…

One notable statistic: Two-thirds of the total increase in energy demand in 2023 was met by fossil fuels, according to the IEA.

Here is more from Javier Blas at Bloomberg.  Via Nicanor."

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