“Energy markets in transition” is the apt title of a new review of global energy markets by oil giant BP. According to the review, global coal production fell by 6.2 percent last year–that’s the biggest annual decline on record. The new figures underline a clear trend. As we reported earlier: Recently the U.K. had its first coal-free electricity day since the industrial revolution. And India has canceled plans for huge new coal power plants. The report also shows that consumption of coal is declining: in the U.K. with 52.5 percent in 2016, in the U.S. with 8.8 percent, and even in China’s with 1.6 percent.
Review oil giant BP: Global coal production sees biggest decline in history
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