Coal

Renewables are growing fast in India, taking a larger share of the electricity mix, but coal is also increasing. Meanwhile, gas is too expensive to play a significant role in the power sector.

In 2026, renewable energy is expected to generate more electricity around the world than coal. Gas-fired power remains flat.

The Philippines still has the most coal-dependant grid in Southeast Asia, with coal still representing around 60% of the country’s total energy mix. 

While China’s President Xi Jinping pledged to end planet warming emissions at the Chinese Communist Party (CCP) party congress, he promised to do so at a “slow and steady pace” and opted instead to make energy security the top priority.

The declining cost of renewable energy technologies and battery storage coupled with rising volatility in prices for fossil gas has boosted the economics of renewables further. Analysis carried out by TransitionZero found it is now cheaper to switch from coal to green than from coal to gas in power generation.