Global coal-fired power generation is on track to peak in 2023 as new sources of renewable and low-carbon energy expand rapidly. Coal has dominated the global power sector for the past 30 years, but Rystad Energy modeling shows that 2024 will mark the start of the fuel’s decline as solar and wind generation grow in popularity. New electricity supply from renewables is expected to outstrip power demand growth, leading to coal’s displacement starting next year and compounding in the coming years. As a result, coal-fired generation will…
