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"Coal Endures as World's Favorite Fuel for Electricity Generation"

"Coal consumption is set to rise in the coming years as growing demand for electricity in developing countries outpaces a shift to cleaner sources of electricity in industrialized nations.

While use of the most polluting fossil fuel had a historic dip in 2019, the International Energy Agency anticipates steady increases in the next five years. That means the world will face a significant challenge in meeting pledges to reduce greenhouse gas emissions that cause global warming.

“There are few signs of change,” the agency wrote in its annual coal report released in Paris on Tuesday. “Despite all the policy changes and announcements, our forecast is very similar to those we have made over the past few years.”"

Will Mathis reports for Bloomberg December 16, 2019.

Source: Bloomberg, 12/17/2019