Part 5/7:
Globally, coal still remains a significant contributor to energy generation, accounting for over a third of electricity worldwide. However, the decline in coal's usage is evident, with many countries experiencing steep reductions in coal power plants. For instance, in Texas, coal's share dropped from 51% at the start of the 21st century to 10% in more recent years, showcasing how renewable resources are rapidly gaining traction.
Technological innovation plays a pivotal role in this transition. Many aging coal plants are slated for closure within the next couple of decades, and with costs for renewable energy generation dropping, the economic viability of transitioning to solar and wind sources becomes increasingly attractive.