Rising Cooling Demand to Keep Coal Plants Running, Says IEA
COAL & MINING

Rising Cooling Demand to Keep Coal Plants Running, Says IEA

The International Energy Agency (IEA) forecasts that the surge in cooling demand will ensure that coal-fired power plants remain operational throughout the year. As global temperatures rise, the need for air conditioning and other cooling measures is expected to intensify, resulting in sustained electricity demand.

According to the IEA, despite the global push towards renewable energy sources, coal plants are set to continue playing a critical role in meeting electricity needs. This is particularly relevant during peak periods when cooling demands spike, necessitating the stable and large-scale power supply that coal plants can provide.

The IEA's report highlights that while efforts to transition to cleaner energy sources are crucial for long-term environmental goals, the immediate need for reliable energy sources remains. In regions experiencing extreme heat, coal-fired plants are being relied upon to ensure a steady power supply, which is essential for managing increased cooling loads.

The continued operation of coal plants reflects the ongoing challenge of balancing immediate energy needs with longer-term sustainability objectives. While the expansion of renewable energy and improvements in energy efficiency are vital, the current high cooling demand underscores the temporary but significant role that coal will continue to play in the global energy mix.

The IEA emphasises the need for a balanced approach, combining immediate energy solutions with continued investment in cleaner technologies to reduce reliance on coal in the future.

The International Energy Agency (IEA) forecasts that the surge in cooling demand will ensure that coal-fired power plants remain operational throughout the year. As global temperatures rise, the need for air conditioning and other cooling measures is expected to intensify, resulting in sustained electricity demand. According to the IEA, despite the global push towards renewable energy sources, coal plants are set to continue playing a critical role in meeting electricity needs. This is particularly relevant during peak periods when cooling demands spike, necessitating the stable and large-scale power supply that coal plants can provide. The IEA's report highlights that while efforts to transition to cleaner energy sources are crucial for long-term environmental goals, the immediate need for reliable energy sources remains. In regions experiencing extreme heat, coal-fired plants are being relied upon to ensure a steady power supply, which is essential for managing increased cooling loads. The continued operation of coal plants reflects the ongoing challenge of balancing immediate energy needs with longer-term sustainability objectives. While the expansion of renewable energy and improvements in energy efficiency are vital, the current high cooling demand underscores the temporary but significant role that coal will continue to play in the global energy mix. The IEA emphasises the need for a balanced approach, combining immediate energy solutions with continued investment in cleaner technologies to reduce reliance on coal in the future.

Next Story
Building Material

JSW Paints to Acquire Majority Stake in Akzo Nobel India

JSW Paints has signed definitive agreements to acquire up to 74.76 per cent stake in Akzo Nobel India Limited (ANIL) from Akzo Nobel N.V. and its affiliates. The proposed transaction is valued at up to Rs 89.86 billion, subject to closing adjustments. The deal is contingent on approval from the Competition Commission of India and the successful completion of a mandatory open offer to ANIL’s public shareholders. Part of the US$ 23 billion JSW Group, JSW Paints is among the fastest-growing players in India's paint industry. ANIL, a key player in decorative and industrial paints, brin..

Next Story
Infrastructure Energy

Greenko Founders Secure $650 Million Loan to Reclaim Stake

Greenko Energy Holdings co founders Anil Chalamalasetty and Mahesh Kolli have clinched a $650 million private credit facility that will enable them to repurchase 17.5 per cent of the clean energy producer from Japan’s Orix Corp, leaving Orix with a residual 2.5 per cent.The two year loan comes from a consortium of lenders including Keppel Credit, SeaTown Holdings International, BlackRock, Varde Partners, Broad Peak Investment Advisers, Nomura and Sumitomo Mitsui Banking Corp. The transaction is one of India’s largest private credit financings this year, reflec..

Next Story
Infrastructure Energy

Inox Neo Buys Skypower Solar India for Rs 2.65 Billion

Inox Clean Energy’s renewable arm, Inox Neo Energies, has completed the acquisition of Skypower Solar India at an enterprise value of about Rs 2.65 billion. The portfolio comprises a 50 MW (AC) / 57.5 MW (DC) solar plant in Khandwa district, Madhya Pradesh, commissioned in the 2018 financial year and backed by a 25 year power purchase agreement with Madhya Pradesh Power Management Company.Chief Executive Bharat Saxena said the project’s robust operating record makes it value accretive from day one and fits the group’s inorganic growth plan. The firm cont..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?