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Stable coal consumption expected through to 2025 as electricity demand surpasses renewables supply
Despite the rapid expansion of renewable-energy generation capacity, the considerable growth of electricity demand in key economies indicates the world’s consumption of coal will stay largely stable this year and next, intergovernmental agency the International Energy Agency (IEA) says. Global coal demand is set to remain broadly unchanged both this year and in 2025 as surging electricity demand in some major economies offsets the impacts of a gradual recovery in hydropower and the rapid expansion of solar and wind energy, the agency’s ‘Coal Mid-year Update’ report shows.
Platinum demand uplifted by global electrolyser developments, world body reports
Platinum-based electrolysis for the production planet-cleaning green hydrogen is gaining worldwide momentum, with the World Platinum Investment Council (WPIC) projecting on Wednesday that global electrolyser capacity is poised to grow by a cumulative 212 GW. Correspondingly, based on the assumption that platinum-based proton exchange membrane (PEM) electrolysers will have a 38% share of the electrolyser market in 2030, annual platinum demand from PEM electrolysers alone is expected to rise to 229 000 oz in 2030 from 4 000 oz last year.