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Renewable Energy Boom Can’t Dim Coal Outlook in Southeast Asia

  • Region’s coal use will double by 2040 to 400m tons, IEA says
  • Renewable power capacity to more than triple over the period
Southeast Asia is also home to the world’s largest exporter of coal, Indonesia.

Southeast Asia is also home to the world’s largest exporter of coal, Indonesia.

Photographer: Dadang Tri/Bloomberg

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There’s just no stopping coal in Southeast Asia. Surging investments in wind and solar energy won’t be enough to shake the fuel’s dominance in the region for decades to come, according to the International Energy Agency.

Coal demand is expected to double to almost 400 million tons a year by 2040, the agency said in its Southeast Asia Energy Outlook published Wednesday. That’s 2.5% higher than its forecast from two years ago, even as renewable power capacity is seen more than tripling through 2040.