1 big thing: Coal’s global persistence…
Global coal consumption dipped by 0.6% in 2019, the fourth decline in six years, but the most carbon-intensive fuel remains by far the largest source of power generation in world, per BP’s latest global data review.
Why it matters: Coal’s persistence in the global mix, even as it loses some ground, is among the major reasons why the world is far, far away from achieving steep emissions declines needed to meet the goals of the Paris climate deal.
The big picture: It’s something of a bifurcated world, with consumption falling sharply in the U.S. (more on that below) and Europe, while still trending upward in the Asia-Pacific region.
By the numbers: Coal’s share of electric power was 36% last year, while its role in the wider global energy mix fell to 27% — the lowest in 16 years — as renewables and gas meet increasing demand, BP’s report this week notes.
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- On June 26, 2020