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Climate

AM Briefing: Peak Coal?

On global coal demand, Everest Base Camp, and a compelling climate graphic

AM Briefing: Peak Coal?
Heatmap Illustration/Getty Images

Current conditions: A major storm will batter the U.S. Eastern Seaboard this weekend • Moscow is buried under record snowfall • It's 50 degrees Fahrenheit and cloudy in Paris, which was recently named the world's top city destination.

THE TOP FIVE

1. IEA: Coal demand remains high, but could peak soon

Global demand for coal remains at a record high, but is expected to start declining in 2026, according to the International Energy Agency’s (IEA) “Coal 2023” report. Most advanced economies are ditching this dirtiest of fossil fuels: Coal consumption fell by about 20% in the United States and the European Union this year. But the same cannot be said for China, India, and Southeast Asia, where coal demand is growing. But a turning point could arrive soon, the report says. Global coal demand is expected to fall by 2.3% by 2026 compared with 2023 levels. A lot depends on China, which accounts for 54% of global coal consumption.

IEA

Relatedly, this week Australia announced its last remaining coal plant will retire by 2038. As renewables take over, “expect more such announcements around the world,” says Bloomberg Green’s Akshat Rathi.

2. White House tells federal employees to use EVs and rail travel

The Biden administration wants federal employees to use low- or zero-emission transportation when traveling for work. In a directive released yesterday, the White House said workers should travel by train for trips shorter than 250 miles, and especially in the Northeast and Mid-Atlantic, where rail travel is most accessible. If traveling by car is necessary, workers should opt for an EV. Employees should consider combining trips, taking public transportation, and avoid using their own private vehicles for work. Or better yet, they should avoid traveling at all. “In every case, the trip not taken is the least expensive and most sustainable,” the directive says. The federal government spent $1.66 billion on flights and $4.2 million on rail trips last year, Reuters reports. The White House says travel accounts for 1.8% of federal greenhouse gas emissions.

3. Al-Jaber says Adnoc will keep investing in oil and gas

Sultan Al-Jaber, who served as president of COP28, tells The Guardian that his company Adnoc will continue to invest in oil and gas production so long as the demand is there. Adnoc is the United Arab Emirates’ national oil and gas company, and Al-Jaber is its CEO. He was applauded this week after delegates at COP28 agreed to “transition away” from fossil fuels, but faced criticism earlier this month for saying there is “no science” showing that ending fossil fuel usage will limit global warming. He has said in the past that he believes fossil fuels will inevitably be phased out, but has qualified that by saying “we need to be real, serious and pragmatic about it.”

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  • 4. Glacial melting may force Everest Base Camp to relocate

    The glacier beneath Everest Base Camp is melting due to rising temperatures in the Himalayas, putting climbers at risk and forcing Nepal’s government to consider moving the camp, The Wall Street Journal reports. Everest tourism contributed $2.4 billion to Nepal’s economy last year, which is 6.1% of its GDP, and Base Camp is an essential gateway to the mountain. But ice at the camp is disappearing due to a combination of global warming and human activity. Moving the camp farther down the mountain is an option, but it would “make the climb to the top more dangerous than it already is,” the Journal explains. More people died on Mount Everest this year than ever before. A report released in June found that climate change could cause Himalayan glaciers to lose 80% of their volume this century.

    5. Earth’s rising temperature, expertly illustrated

    The European Space Agency’s (ESA) Climate Office recently announced its favorite “Little Pictures of Climate” for 2023. The competition highlights creators who use satellite-derived climate data tell visual stories about the changing planet. Here is one particularly compelling submission:

    A runner-up in the ESA's Little Pictures of Climate 2023 competitionESA

    THE KICKER

    The length of pipeline that would be needed to create a U.S. carbon capture network would be enough to circle Earth four times.

    Yellow

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    Carbon Removal

    The Sorry State of Carbon Removal

    A new scientific report on the state of the industry shows a growing gap between what we can do and what we need to do.

    Carbon capture.
    Heatmap Illustration/Getty Images

    The gap between the world’s current capacity to remove carbon dioxide from the atmosphere and the amount we’ll need to remove to materially address climate change is so large, it's hard to fathom crossing it. Now, a new report warns that the chasm is widening.

    The third State of Carbon Dioxide Removal report, published on Tuesday, finds that while carbon removal research and deployment has advanced significantly in the past two years, it is still not growing quickly enough to reach the scale required to support the Paris Agreement temperature limits. Carbon emissions, meanwhile, have continued to rise globally, raising the amount of carbon removal required in turn.

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    AM Briefing

    China’s Nuclear Milestone

    On Anthropic’s IPO, home energy rebates, and French rare earths

    A nuclear power plant.
    Heatmap Illustration/China National Nuclear Corporation

    Current conditions: The most powerful storm to hit Western Australia in 49 years has deluged the capital of Perth • Temperatures in the Arizonan metropolis of Phoenix are climbing to 103 degrees Fahrenheit today, and will stay around that level all week • South Georgia Island, a British overseas territory near Antarctica in the Atlantic, is bracing for heavy snow.


    THE TOP FIVE

    1. Anthropic prepares to go public

    Anthropic, the artificial intelligence giant behind the chatbot Claude, filed the first documents to the Securities and Exchange Commission to make its stock market debut. The company submitted a confidential S-1, meaning that — unlike the recent SpaceX filing — the details aren’t yet publicly available. By doing so, Anthropic has “the option to go public after the SEC completes its review,” the company wrote Monday in a blog post. The number of shares to be offered and the price “have not yet been set.” The IPO could have big energy implications. Unlike some hyperscalers, who have pushed back against the public blowback to data centers, Anthropic vowed three months ago to pay to offset electricity price hikes from its server farms, as I previously wrote. Coupled with the news yesterday morning that Iran had broken off negotiations with the U.S. to end the conflict blocking the Strait of Hormuz, Monday offered clear evidence of what Heatmap’s Robinson Meyer described as the electricity economy “having its moment.”

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    Blue
    Podcast

    Affordability Politics Took On New York’s Climate Law — and Won

    Rob gets into the latest state-level policy developments with Heatmap’s own Emily Pontecorvo.

    Kathy Hochul.
    Heatmap Illustration/Getty Images

    When New York passed its first major climate law in 2019, climate advocates hailed the work as a milestone: The Empire State vowed to cut its carbon emissions by 40% by 2030, as compared to their 1990 levels, giving it some of the world’s most ambitious subnational climate policy. But last week, Governor Kathy Hochul and the state legislature moved to rewrite key provisions in that law, weakening deadlines and redefining its emissions math.

    What happened? And would New York have ever been able to hit its 2030 goal? On this episode of Shift Key, Rob is joined by Emily Pontecorvo, a founding staff writer at Heatmap. They discuss how New York has changed its targets, why it has altered its approach to natural gas, and whether state-level climate goals can survive an age of affordability politics.

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