China and India’s growing economies will continue to fuel demand for coal even as they set ambitious renewable energy targets, according to experts.
While China is the world’s largest energy consumer, India is ranked third globally, and both countries are the top consumers of coal as they strive to fuel economic growth.
China’s share of global electricity consumption, 60% of which is generated by coal, is set to jump to one-third by 2025, compared with a quarter in 2015, according to projections by energy watchdog International Energy Agency. READ MORE...
Democratic Sen. Joe Manchin on Saturday slammed President Joe Biden for pledging to shut down America’s coal plants in a speech in California.
“President Biden’s comments are not only outrageous and divorced from reality, they ignore the severe economic pain the American people are feeling because of rising energy costs,” Manchin (D-W.Va.) said in a statement just days ahead of the midterm elections.
“Comments like these are the reason the American people are losing trust in President Biden. … It seems his positions change daily depending on the audience and politics of the day.” READ MORE...
