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Coal use increases, but investment lags
High levels of demand are not translating into greenfield investments due to climate policies
Countries must stop coal approvals to reach net zero – IEA
Transition is complicated in countries with high coal dependency because of remaining lifetimes of plants and expense of gas
China ETS requires power market reform
Policymakers’ ongoing preference for regulated power tariffs over market-based pricing is one of key problems China needs to address
Energy sector carbon emissions to peak in 2025 – IEA
New policies in the EU, the US and China will cause emissions to peak this decade, the first time this has been forecast in an IEA Steps scenario
Global carbon emissions set to rise in 2022 – IEA
World on course for 33.8bn t of CO₂ emissions this year, but major deployments of renewables and EVs have slowed rate of increase
CCUS gains traction in China after slow start
Country’s largest energy and industrial companies take the lead in early development ahead of wider deployment of technology
Governments not collaborating enough on transition – IEA
Coordinated action urgently needed on deployment of clean technologies to avoid decades-long delay in reaching net zero, agency warns
EU puts forward measures to reduce power demand
Proposals also include a temporary revenue cap on operators of renewable, nuclear and lignite power generation
Australia advances coal mine expansion
State government approves doubling of Mount Pleasant mine as it refuses moratorium on new fossil fuel production
EU ETS prices rise on high coal burn, low auctions
Prices in the EU’s emissions trading scheme hit an all-time high last week after an August rally on reduced volumes and an increase in coal burn
Coal demand is rising
Coal IEA
Tom Young
11 January 2022
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Coal burn jumps sharply in 2021 – IEA

Economic recovery and surging natural gas prices have boosted demand for coal for power generation

Global power generation from coal is expected to have jumped by 9pc in 2021 to an all-time high of 10,350TWh, according to the IEA’s Coal 2021 report. The sharp rise is the result of rising demand from recovering economies, which are seeing growing electricity demand, and higher natural gas prices due to supply shortages, which have made coal-fired power generation cost-competitive. Recovering economic growth is also having an impact outside power generation. Global coal demand—including uses beyond power generation, such as for cement and steel production—is forecast to have grown by 6pc in 2021. “Coal is the single-largest source of global carbon emissions, and [2021’s] historically high l

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