Early-year cold snaps and strong LNG exports pushed gas prices up, prompting utilities to shift to cheaper coal. A similar trend is emerging as 2025 closes, with coal-fired generation rising and gas output easing as gas prices hit three-year highs. …
News Tag: Gavin Maguire
Global coal exports and power generation hit new highs in 2023
Worldwide electricity generation from coal hit record highs in 2023, while thermal coal exports surpassed 1 billion metric tons for the first time as coal’s use in power systems continues to grow despite widespread efforts to cut back on fossil fuels. …
Fossil fuels still dominate global power systems
Over 60% of global electricity generated so far in 2023 was produced by fossil fuels, despite the ongoing aggressive roll-out of renewable energy sources in every major economy. …
