HSBC reported the total consumption of coal will likely peak in 2025.

Coal will remain dominant in Asia as the region continues to be highly reliant on coal in the next few years, despite “ambitious” clean energy targets, the HSBC reported.

In the first instalment of Asia’s energy transition report, HSBC projected that the total consumption of coal in Asia will peak in 2025 at the earliest. This is based on the strong electricity growth seen in the next years as well as the planned capacity expansions in some countries.

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