18:25
Eurozone inflation rises for second consecutive month
Eurozone inflation has increased for the second month in a row.
Global coal usage is to hit a record high in 2024
Reuters
On Wednesday, the IEA released its Coal 2024 report, stating that global coal consumption is projected to reach an all-time high in 2024, surpassing 8.9 billion tons.
The report cites two main reasons for the rise in consumption. First, coal demand decreased during the Covid-19 pandemic but has since rebounded as industries and economies recovered. Second, the need for electricity around the world has been growing rapidly.
Power plants that run on coal are expected to produce more electricity than ever before—10,700 terawatt-hours. Most of this increase comes from countries like China and India, where electricity demand is especially high.
China, the world’s largest coal consumer, is forecasted to see its coal demand grow by 1% to a record-breaking 4.9 billion tons, while India’s consumption is set to rise by over 5%, reaching 1.3 billion tons, a milestone previously achieved only by China. In contrast, coal usage in the United States and the European Union continues to decline, but at a slower pace, falling by 5% and 12%, respectively, in 2024.
The Coal 2024 report points out the need for managing the global energy transition while addressing regional energy demands.
10:14
Prime Minister Trudeau addresses Party’s internal challenges
Prime Minister Justin Trudeau addressed internal turmoil within the Liberal Party after Finance Minister Chrystia Freeland resigned on December 17, fueling calls for his departure.
00:19
Freed Syrians return to prison of torture and death
“Nothing lasts forever.” These words echo from the walls of a Damascus prison, once a place of terror and torture. Today, two survivors stand inside, reliving the unthinkable.
19:43
Dmitry Medvedev: "Kyiv will face imminent revenge for killing of Russian general"
Dmitry Medvedev, deputy chairman of Russia's Security Council, said on December 17, that the Ukrainian leadership would face imminent revenge for the killing of a top Russian general.
14:05
Bakers Display Gingerbread Creations in Contest
Bakers and designers showcased intricate gingerbread creations at Stockholm’s ArkDes museum, where this year’s festive competition centered around the theme of ‘comeback.
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