Global coal demand and carbon emissions likely peaked in 2019, BNEF report finds - Front Page Live

Global coal demand and carbon emissions likely peaked in 2019, BNEF report finds

2 signs Big Oil is on the outs: Oregon shuts down coal. Virginia progresses wind.

Aerial view of PGE coal plant in Oregon, 2007. Sam Beebe / Flickr / CC BY 2.0

Renewable energy and battery storage are expected to draw at least $11 trillion of investment over the next 30 years, according to a new analysis from BloombergNEF in its annual New Energy Outlook report.

Despite that enormous number, the projected increases in clean power are far behind what is required to limit global warming to less than 2°C by the end of this century — global temperatures are headed for 3.3°C of warming by 2100. BNEF also found global coal demand and carbon emissions likely peaked in 2019, due to depressed activity by the coronavirus pandemic.

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