Doomberg β’ 7905 implied HN points β’ 16 Feb 24
- Global coal demand is smashing records, expected to reach an all-time high in 2023 due to strong demand in emerging economies like India and China.
- There seems to be a practical grand bargain between governments and the fossil fuel industry over climate change, with a focus on minimizing coal use in the West and leveraging coal in the developing world.
- Despite efforts in renewable energy, coal remains popular due to its cheap, reliable, and storable nature, with the International Energy Agency predicting a decline in demand by 2026 despite current high consumption.