WHC 1.01% $6.86 whitehaven coal limited

Ann: June 2024 Quarterly Report, page-36

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    From 'The Australian' online:

    "The global use of coal is expected to rise this year, while nuclear power is expected to hit record levels in 2025, the International Energy Agency reports – a forecast that will likely be seized on by the Coalition as evidence of worldwide support for its policy to reach net zero emissions by 2050.

    The IEA said global coal use for producing electricity is expected to increase by just shy of 1 per cent, following growth of 1.9 per cent in the previous year. The IEA said it had expected coal power generation to contract this year but while there had been declines in Europe – growth in Asia would see global usage increase.

    While much of the increases in Asia were driven by strong electricity demand growth in China and India, the IEA also noted US coal-fired generation is also expected to remain robust in 2024 amid rising electricity demand and reduced coal-to-gas switching.

    The findings underscore the global challenge of reaching net zero emissions by 2050, a pledge supported by nearly all countries, which the Opposition has said underscores its plan for using nuclear power..."
 
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