IEA Warns That Coal Investment Has Reached 14-Year Record
Coal investment has climbed to levels unseen since the early 2010s, a troubling reversal for climate advocates worldwide. The International Energy Agency projects spending will hit $180 billion by the end of 2026, representing a 4% jump from 2025 investment levels. This suggests fossil fuels remain deeply entrenched in global energy strategies despite renewable energy's rapid expansion. China and India dominate this spending surge in ways that reshape the global energy landscape. China alone accounts for more than two-thirds of worldwide coal investment, with steam coal production funding alone approaching $100 billion annually, roughly double what was spent a decade ago. India is the second major investor, having tripled coal spending over the past 10 years…

