Photo by Pixabay: https://www.pexels.com/photo/electric-towers-during-golden-hour-221012/

Coal generation to fall by 0.3% YoY in 2024

This is thanks to the slowed growth of new projects in Asia.

Global coal-fired power generation is expected to decline by 0.3% or by 33.7 terawatt hours due to a slowdown in new coal power projects in Asia, according to Rystad Energy.

Steve Hulton, head of Global Coal Industry Research at Rystad Energy, said the decline may be small but is significant, following the “high water mark” for global power in 2023.

“China, India and Indonesia remain the top coal consumers for now, but the tide is turning,” Hulton said. 

ALSO READ: Global coal usage and emissions projected to peak in 2023: report

“Surging new renewable energy capacity installations and ageing coal plants will soon tip the scales clearly in favour of fossil-free alternatives and a falling share for coal in the power mix will only gather pace,” he added.

CEO Jarand Rystad added that whilst fossil fuels will remain a vital part of the energy mix, renewable energy is expanding rapidly and may reach over 400 gigawatts.

“Global coal demand most likely peaked in 2023, and clean energy technologies are now more affordable than fossil fuel alternatives in most parts of the world,” he said.

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Summit Power International provides vital LNG support to Bangladesh
Without cross-border electricity supply, LNG is needed by a country facing geographical constraints to deploy renewables.
PLN focuses digital processes on equitable electricity distribution
State-run firm’s president succeeded in electrifying 76,900 villages and sub-districts throughout Indonesia.
VOX POP: How can vehicle-to-grid technologies boost energy transition?
Vehicle-to-grid (V2G) technology is seen as a groundbreaking innovation towards the resilience of the power grid and the improvement of robust energy transition.