PARIS: Global consumption of coal reached an all-time high in 2023, the IEA energy watchdog said Friday, as Earth experienced its hottest recorded year. The International Energy Agency reported that nations would burn even more coal this year than in 2022, the previous record for consumption of the key source of planet-warming gases. Scientists say greenhouse gases will need to be cut almost in half this decade to meet the world\u2019s targets of limiting global warming and avoiding catastrophic impacts on the Earth\u2019s climate. The EU\u2019s Copernicus Climate Change Service said earlier in December that 2023 will be the hottest on record after November became the sixth record-breaking month in a row. The IEA said, nevertheless, that after peaking this year, worldwide coal consumption was expected to start declining in 2024, as renewable power generation from solar and wind continues to expand. News Desk
\nIts latest forecasts were published two days after the conclusion of COP28 in Dubai \u2014 where nearly 200 countries reached a deal that the world should be \u201ctransitioning away from fossil fuels\u201d to limit global warming.
\nIt was the first time in the 28-year history of the annual climate negotiations that all fossil fuels were mentioned in an accord.
\nThe disruption in the Earth\u2019s climate has contributed to an increase in the intensity and frequency of storms, droughts and lethal wildfires around the world.
\nThe IEA said consumption of coal, the dirtiest fossil fuel, rose by 1.4% in 2023 to a record 8.5 billion metric tons, as increases in China, India and Indonesia outweighed sharply falling demand in Europe and the United States, the IEA said.
\n\u201cWe expect to see a trend emerging of declining worldwide coal demand, starting in 2024,\u201d the Paris-based energy watchdog said, as renewable power generation from solar and wind continues to expand.<\/p>\n","protected":false},"excerpt":{"rendered":"
PARIS: Global consumption of coal reached an all-time high in 2023, the IEA energy watchdog said Friday, as Earth experienced its hottest recorded year. The International Energy Agency reported that nations would burn even more coal this year than in 2022, the previous record for consumption of the key source of planet-warming gases. Scientists say […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-374998","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n