Coal Still Powers the World

Despite the Talk of Coal’s Demise, It Still Powers the World (Bloomberg, Subscription)
Bill Wade (Nov. 25): For all the talk of ditching fossil fuels to fight climate change, coal remains king in much of the world. The amount of electricity generated from coal jumped 7% in the developing world last year, according to Bloomberg NEF’s annual Climatescope report that evaluated more than 100 nations. It’s the biggest increase in five years. While coal consumption is sliding in the U.S. and Europe, it’s still cheaper than wind or solar in many emerging markets. That makes it an appealing choice in China, India and other nations seeking cheap electricity to lift residents from poverty. Since the start of the decade, coal use has jumped 54% in the developing world, presenting huge challenges to the push to stave off the most dire impacts of climate change.

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