Home » Market News » DirectorsTalk Highlights » Coal will remain part of the US grid until 2050, federal energy projections say
anglo pacific group plc

Coal will remain part of the US grid until 2050, federal energy projections say

On Thursday, the US Energy Information Administration (EIA) released its 2019 Annual Energy Outlook (AEO), which contains projections about trends in energy from the amount of fossil fuels produced and sold, to the growth of renewable energy out to 2050.

This year, against the backdrop of recent warnings from top scientists about the urgency of climate action, the EIA’s projections do not look great. Coal, one of the most carbon-emitting sources of energy, is still projected to provide 17 percent of the United States’ electricity in 2050, and that is assuming that no carbon-capture technology has been made mandatory. Natural gas—a fossil fuel that is less carbon-emitting than coal but still a problem for climate change will increase its share of US electricity production from 34 percent to 39 percent.

 

Anglo Pacific (LON:APF) has a 2% NSR royalty on all mineral products sold from the area of the Maracás Menchen project to which the royalty interest relates. The project is located 250km south-west of the city of Salvador, the capital of Bahia State, Brazil and is 99.97% owned and operated by TSX Venture Exchange listed Largo Resources Limited (‘Largo’).

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.