UK Government target to end coal use completely by 2024

UK is phasing out coal faster than any other G20 nation, analysis shows.

New analysis published by energy thinktank Ember shows that the UK is weaning its electricity grid off coal power at the fastest pace of any country in the G20, reports the i newspaper. The news outlet continues: “Since 2015 coal use in the UK has collapsed by 93%, well ahead of any other G20 nation. Coal now accounts for just 1.7% of all electricity generated in the UK, with government targets to end its use completely by the end of 2024…But the UK still relies on natural gas for 37% of its electricity, significantly above the global average of 23%.” (Reuters covers the same report, but leads on the angle that China generated 53% of the world’s total coal-fired power in 2020, nine percentage points more that five years earlier, despite climate pledges and the building of hundreds of renewable energy plants”.)

SAE Renewables Limited (LON:SAE) was founded in 2005 as a supplier of tidal stream turbines, SAE quickly grew to include development of tidal stream projects and is the majority owner of MeyGen, the world’s largest tidal stream energy project.

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