Despite global efforts to transition to renewable energy, new data reveals a slight increase in global coal power capacity in 2024. This growth is attributed to the expansion of coal-fired power plants in Asia, primarily driven by rising energy demands and economic factors. The increase occurs as countries continue to struggle with balancing energy needs and environmental responsibilities. Industry experts highlight that while some nations, particularly in Europe, have succeeded in reducing coal dependency, others face challenges due to economic constraints and lack of alternative energy infrastructure. This trend continues to spark debate over the future of coal and its impact on climate change commitments globally. Policymakers are urged to accelerate the development of renewable energy technologies to curb reliance on coal power. Ultimately, whether this increase signifies a temporary setback or a long-term trend will depend on international efforts to reconcile economic growth with environmental sustainability.
The Edge MalaysiaNew data shows substantial growth in UK’s aerospace, defense, and space sectors
In the latest growth revelation, new data from ADS uncovers that the combined value of the aerospace, defense, security, and space industries has surged by