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Energy Transition Today - Coal's Surprising Resilience Amid Global Energy Shifts
Reviewed by Simply Wall St
The recent Wood Mackenzie Horizons report underscores evolving dynamics in global energy transition, highlighting the potential for extended reliance on coal despite ongoing shifts towards renewables. The report suggests that factors such as energy security concerns, burgeoning power demand, and technological advancements could sustain coal demand, potentially delaying its phase-out beyond 2030. This has significant implications for the global energy transition, as the anticipated decline in coal-fired power generation may not proceed as swiftly as expected, challenging climate action timelines. While the long-term pivot towards renewables remains a priority, the complexity of current energy realities presents new challenges that stakeholders in the sector must navigate.
In other market news, Chandra Daya Investasi (IDX:CDIA) was a notable mover up 24.6% and ending the day at IDR1,215.00, at its 52-week high. Meanwhile, Doosan Enerbility (KOSE:A034020) lagged, down 7.7% to end trading at ₩63,100.
Best Energy Transition Stocks
- First Solar (NasdaqGS:FSLR) closed at $178.33 up 1.4%.
- Chevron (NYSE:CVX) ended the day at $149.68 down 0.2%.
- Tesla (NasdaqGS:TSLA) closed at $328.49 down 0.4%.
Seize The Opportunity
- Discover the full array of 163 Energy Transition Stocks, featuring Alimentation Couche-Tard, China Three Gorges Renewables (Group)Ltd and NHPC, right here.
- Want Some Alternatives? Trump's oil boom is here — pipelines are primed to profit. Discover the 22 US stocks riding the wave.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NasdaqGS:TSLA
Tesla
Designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally.
Flawless balance sheet with reasonable growth potential.
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