ESG DAILY: Coal Faces Terminal Decline as Solar Cost Cheapens

The fuel that was once the staple of utilities will probably never return to pre-pandemic levels of demand. By 2040, coal’s share of the energy mix will fall below 20% for the first time since the industrial revolution, the International Energy Agency said.

• Meanwhile, power produced from solar photovoltaics has become cheaper than electricity from plants fired by fossil fuels in most nations. Renewables will push coal off the grid, taking 80% of demand growth to 2030, the IEA said in its 2020 World Energy Outlook published Tuesday
• “I see solar becoming the new king of the world’s electricity markets,” ...