Wind, solar drive coal decline outside Asia

Published onDecember 18, 2019

Global coal-fired power generation is set to experience its largest decline ever, off the back of renewables buildout in US and Europe, according to the International Energy Agency (IEA). The agency forecasts that renewable sources, such as wind and solar, will supply a major portion of the increase in global electricity demand over the next five years. Electricity generation from coal will rise only marginally over that period, at less than 1% per year – and its share will decline from 38% in 2018 to 35% in 2024, according to the ‘Coal 2019’ report. Coal demand is expected to decline in 2019 but remain broadly stable over the next five years, supported by growth in major Asian markets, the IEA’s analysis found.