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Iran War Slows Coal Exit

Iran War Slows Coal Exit

The war in Iran is complicating efforts to phase out coal. Disruptions to gas shipments through the Strait of Hormuz have driven prices higher, prompting some power producers to switch back to more emissions-intensive coal. At the COP31 climate conference in Antalya, Turkey is pushing to increase electricity’s share of total energy consumption from just over 20% today to 35% by 2035, while expanding clean energy. The International Energy Agency expects global coal demand to rise by 1.2% this year, reaching a record 8.94 billion metric tons.

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