Global coal demand continues to persist, reaching an all-time high despite expectations of decline. Projections of only minor growth through 2027 reflect the reality of ongoing fossil fuel dependency.
The latest Energy Department report indicates that data centers will contribute significantly to U.S. power demand by 2028, accounting for up to 12%, which will reinforce near- to medium-term gas usage.
U.S. banks are reconsidering commitments to climate initiatives, as seen with several large institutions exiting the Net-Zero Banking Alliance. Despite this, they maintain a narrative of commitment to climate goals.
S&P Global forecasts that by 2025, overall energy demand growth will continue to outpace the contributions from clean energy sources, highlighting that current clean energy expansion is insufficient to displace rising fossil fuel consumption.
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