Is the World Ready to Move Away From Coal?
By the end of 2021, global use of coal is projected to have fallen by 7% since 2018. On the surface, that may not sound like a large feat, but experts predict that the downward trend will continue — and, to put things into perspective just a bit more, that 7% does equate to more than 500 million tons of coal. This particularly carbon-intensive energy source is beginning to fall out of favor as its alternatives, including nuclear power, natural gas and renewable energy, are recognized as cleaner and potentially safer sources of energy. As the alternatives become more cost-effective, global efforts to reduce coal burning and consumption continue from health and environmental advocates and governments.
The coronavirus pandemic has again highlighted the need and also provided a unique opportunity for countries to reduce their dependence on coal. As several countries shut coal plants for good in the wake of the pandemic, some experts are predicting the coal industry will never recover in our post-COVID-19 world.