Emerging-market energy transition likely to take time

Investing.com -- While North America and Europe have been reducing their reliance on coal for decades, emerging markets are still heavily dependent on it, note analysts at

Since 2005, coal use in North America and Europe has halved, while India’s has nearly tripled. Together, China, India, and Southeast Asia now represent roughly 75% of global coal demand, a stark increase from 25% in 1990. For example, coal represents 53% of China’s domestic power consumption, according to Energy Institute data. Although China has started investing in green energy, Wells Fargo predicts this shift will take time before renewable sources become dominant.

“We expect fossil fuels to remain the predominant source of energy for many emerging economies,” they explained.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

DePIN Promises Small Business Innovation in Emerging MarketsAyush Ranjan co-founded Huddle01 in September 2020 and currently serves as its CEO. His work is focused on building the first decentralized communication network, aiming to make WebRTC and real-time communication more accessible.
Fuente: CoinDesk - 🏆 291. / 63 Leer más »