The IEA (International Energy Agency) announced on December 17th, that coal power surged to a record high in 2021, pushing up emissions.
According to the IEA, the amount of electricity generated worldwide from coal surged by an estimated 9% to a new record high in 2021, undermining efforts to reduce global greenhouse gas emissions. Coal plants still generate 38% of the world's electricity. This strong growth potentially puts global coal demand on course for an all-time high in 2022, according to their latest annual market report on coal.
This is UNEXCEPTABLE.
Today the coal industry employs 8,918,489 people globally, according to IBIS World as of (August 2021). Understandably, there would be a significant loss if jobs if coal mining were to cease - but it HAS TO. Existing renewable energy industries and other sustainability focused global companies (food/recycling, etc) should consider establishing themselves in or near coal mining districts so that mass relocation can be avoided/minimized and communities and districts can thrive rather than collapse. This can be facilitated with political will and government incentives (taxation / subsidies). Green bonds and other means of financing in the public and private sectors.
Source: BusinessInsider
Common people! We are all in this together.