Instead of phasing down coal the world is burning it more than ever

Outside of China and India, plans for new production capacity are limited. Along with expectations that gas will remain costly after Russia's invasion of Ukraine,

Last November in Glasgow, the world’s climate leaders were locked in a fierce debate over whether the final draft of the summit’s agreement should include a pledge to “phase-out” or “phase-down” coal.

Since then, the more appropriate term would probably be “phase-up.”

Even as the globe is increasingly battered by floods, droughts and storms caused by climate change, the fuel that contributes most to planet-warming emissions is undergoing a renaissance. Global coal power generation could set a record for a second-straight year and remains the world’s biggest source of electricity. Consumption has surged in Europe to replace shortfalls in hydro, nuclear