U.S. coal exports are on the rise to meet the growing global demand for this fossil fuel, even as domestic consumption falls. This global demand is being driven by Asia, particularly China and India, which are facing rising energy needs due to economic growth and extreme weather events.
U.S. exports of coal have been rising steadily to satisfy growing global demand for the world's dirtiest fossil fuel, even though its domestic consumption has decreased.
"Additionally, another major barrier is not the availability of renewable energy infrastructure, but the difficulty of transmitting solar and wind power across provinces," she said, adding that coal will continue to be a"critical energy backbone" in China until grid integration and management is fully developed across the entire country.
The South Asian nation's demand for steel is set to grow by 8-9% in 2025, outpacing that of other economies, owing to a pickup in steel-intensive construction in the infrastructure and residential sectors,But that's not to say that India has been neglecting its renewable energy targets. The country has set an ambitious goal ofBeyond China and India
"There is little focus on using energy efficiently, when coal is so cheap," said Dave Jones, an electricity analyst at energy think tank Ember Energy. "The U.S., China and the world are in a race for AI superiority," said Tim Winter, portfolio manager at Gabelli Funds. AI data centers are huge power users, making it harder to retire a reliable and affordable energy source such as coal, he explained.
COAL GLOBAL DEMAND ASIA ENERGY SECURITY RENEWABLE ENERGY
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