China makes up half the global electricity generation from coal, so that is the country to watch. So if they continue the construction of renewables and the economy slows down, that could actually happen.
Its definately the country to watch. They had a huge investment into renewables last year, and the main idea is to flip most of its generation to it in the pending few years. If sucessful, the chart is going to see a very sharp decline.
China makes up half the global electricity generation from coal, so that is the country to watch. So if they continue the construction of renewables and the economy slows down, that could actually happen.
As for India they have changed policy to stop new proposals for coal power plants in the next five years. So only the ones in the pipeline will be built. That should massivly slow down coal growth outside China.
Also important to say it, but Japan is still a massive coal consumer, with no real plan to phase it out.
Its definately the country to watch. They had a huge investment into renewables last year, and the main idea is to flip most of its generation to it in the pending few years. If sucessful, the chart is going to see a very sharp decline.