For the first time in its history, the International Energy Agency (IEA) has projected a decline in global coal demand over its forecast period. This promising outlook builds on a slew of actions from last year, ranging from the release of coal transition-enabling investment plans in Indonesia , Vietnam , and the Philippines to the implementation of said transition in Southeast Asia , Oceania , North America , South America , and Europe (see Exhibit 1 below). And while last year saw a shift toward early implementation of the transition, a few notable commitments were also made. There was an announcement to transition away from…
