News Release
New energy realities could extend coal’s role in global energy markets
Global coal demand could remain stronger for longer, with coal-fired power generation potentially staying dominant through 2030, well beyond current projections for Peak Coal, according to a new Horizons report from Wood Mackenzie.
“Extending coal's prominence through 2030 would fundamentally alter the global energy transition timeline. We're talking about delaying the phase-out of the world's most carbon-intensive fuel source during a critical decade for climate action,” said Anthony Knutson, global head, thermal coal markets at Wood Mackenzie. “While the long-term trajectory towards renewables remains intact, the path is proving far more complex than many anticipated as countries grapple with energy security and affordability concerns.”
