Worldwide Coal Usage Reached Record High in 2024

Despite worldwide efforts to shift to renewable energy, coal consumption reached an all-time high in 2024, undermining international attempts to control climate change.

Electricity Generation Patterns

The share of fossil fuels in power production dropped as renewable energy expanded. However overall power demand increased, leading to higher fossil fuel consumption globally, according to a latest climate action report.

“There’s no doubt that we are mostly on the correct path. We are just not moving fast enough,” said a research associate from a prominent research institute. “One of the most concerning findings from our assessment is that attempts to eliminate coal are well off track.”

Environmental Targets and Challenges

To achieve carbon neutrality by 2050 and limit global heating to 1.5°C compared to preindustrial levels, more sectors must adopt power instead of traditional energy sources.

However this strategy is effective if the global electricity supply shifts to low-carbon options. “The trouble is that a power system relying on fossil fuels has significant cascading and knock-on effects,” stated the specialist. “The message on this is crystal clear. We simply will not limit warming to 1.5°C if coal use continues to rise.”

Government Strategies and International Trends

While many countries have pledged to reduce fossil fuel consumption after a international commitment, some nations are expanding production of the most polluting fuel.

  • India’s prime minister marked surpassing 1 billion tonnes of coal production this period.
  • Across America, a political figure has voiced backing for coal and other fossil fuels.

Attempts to halt clean power initiatives and remove financial support for clean power are yet to caused increased greenhouse gas emissions. But, the analysis suggested these measures could affect future pollution levels, though other nations might offset the effects by persisting to favor renewables.

Clean Power Growth

The good news is that clean power production has grown “exponentially”, with solar power called “the most rapidly expanding energy source in recorded time.”

But this advancement is insufficient: yearly expansion of solar and wind power must increase twofold for the world to meet the required carbon reductions by 2030.

“There’s no question that opposition on renewables make it more challenging for the international community to maintain the climate accord goal achievable,” said a lead analyst. “But the broader transition is much bigger than any one country, and progress is growing across markets and developing nations, where clean energy has become the cheapest, most reliable path to prosperity and power stability.”

Additional Environmental Concerns

The world is progressing inadequately on improving power conservation, particularly in reducing greenhouse gases from residential and commercial heating.

Manufacturing pollution remain a concern: the iron and steel industry has been raising its emissions per unit – the CO2 generated per unit of steel manufactured – despite efforts in some countries to implement cleaner techniques.

Mobility and Forest Loss

Transitioning to electric vehicles is progressing faster – more than one in five of cars sold in 2024 were zero-emission. Across China, the percentage was closer to half.

The analysis also highlighted concerns about the condition of the world’s “carbon sinks” – woodlands, bogs, marshes, seas and other natural features that store carbon. Although countries have consistently promised to protect their forests, tree loss continues, though at a reduced pace in some areas.

  • In 2024, over 8,000,000 acres of forest were irreversibly destroyed.
  • That is less than the high of almost 11,000,000 hectares reached in 2017, but worse than the 7,800,000 acres destroyed in 2021.
  • Globally needs to move much more rapidly to halt deforestation than governments are managing.

Upcoming Climate Summit

World leaders and senior delegates will gather in Brazil soon for the Cop30 UN climate summit to discuss how to align the planet on a course to stay within 1.5°C of global heating, as per the international accord.

Each government is required to submit a comprehensive national plan on emissions cuts, called a “country-specific commitment.” But, it is evident that these plans will be inadequate, so the key question will be how nations respond.

Andrew Wilson
Andrew Wilson

A seasoned financial analyst with over a decade of experience in wealth management and investment consulting, passionate about empowering others.