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ENERGY: OECD Region Halves Coal Generation From 2007 Peak

ENERGY
Energy BulletsBulletPower BulletsCommodities

Coal generation in the OECD region – which includes the Nordics, UK and most EU member states – reduced by 52% in 2023 compared to the 2007 peak, data from Ember show.

  • During this period, 87% of the decrease in coal can be attributed to the rapid growth of solar and wind energy.
  • Norway, Slovakia, and the UK have recently joined 11 OECD countries in phasing out coal by closing their last coal power plants within the last year.
  • France plans to phase out coal in 2027, Greece and Denmark in 2028, Finland in 2029, Czech Republic in 2033, Germany in 2038 and Poland in 2049.

  • Rotterdam Coal NOV 24 down 0.1% at 119.25 USD/MT


     

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Coal generation in the OECD region – which includes the Nordics, UK and most EU member states – reduced by 52% in 2023 compared to the 2007 peak, data from Ember show.

  • During this period, 87% of the decrease in coal can be attributed to the rapid growth of solar and wind energy.
  • Norway, Slovakia, and the UK have recently joined 11 OECD countries in phasing out coal by closing their last coal power plants within the last year.
  • France plans to phase out coal in 2027, Greece and Denmark in 2028, Finland in 2029, Czech Republic in 2033, Germany in 2038 and Poland in 2049.

  • Rotterdam Coal NOV 24 down 0.1% at 119.25 USD/MT