Iran Shocks Boost Renewables and Coal Use
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- International Energy Agency (IEA) warns that while renewables could add 30 GW of new capacity this year, coal demand may rise 5 % in emerging markets.
- BloombergNEF reports record investors are pouring record capital into wind and solar, expecting a 15 % cost drop by 2028, but coal‑fired plant approvals are also climbing in Asia.
- Reuters notes that India and Vietnam are accelerating coal projects to hedge against oil price spikes, contrasting with Europe’s aggressive clean‑energy subsidies.
- World Bank highlights that financing mechanisms for clean energy are still lagging, making coal an attractive short‑term option for cash‑strapped governments.
Why it matters: Oil volatility could lock in higher emissions or accelerate decarbonisation—choice shapes climate and markets.
