Coal news and updates

Most of the increase in electricity demand is expected to come from the Asia Pacific region, according to the latest edition of the IEA's semi-annual Electricity Market Report released today. More than half of global growth in 2022 will occur in the China, the world's largest electricity consumer. India, the third-largest consumer, will account for 9% of global growth.

 

Renewable electricity generation, which grew 7% in 2020, continues to rise strongly - but cannot keep up with increasing demand, the IEA says. Based on current policy settings and economic trends, electricity generation from renewables - including hydropower, wind and solar PV - will increase by 8% in 2021 and by more than 6% in 2022. However, renewables are expected to be able to serve only around half of the projected growth in global demand in 2021 and 2022.

 

Fossil fuel-based electricity generation is set to cover 45% of additional demand in 2021 and 40% in 2022, with nuclear power accounting for the rest. As a result, carbon emissions from the electricity sector - which fell in both 2019 and 2020 - are forecast to increase by 3.5% in 2021 and by 2.5% in 2022, which would take them to an all-time high.

 

Coal-fired electricity generation is set to increase by almost 5% this year and by a further 3% in 2022, potentially reaching an all-time high. Meanwhile, gas-fired generation, which declined 2% in 2020, is expected to increase by 1% in 2021 and by nearly 2% in 2022.

 

 

Source : https://world-nuclear-news.org/Articles