03 ENERGY MARKET TRANSITION
Ongoing change is not necessarily a substitution of one particular energy source by another. It is, rather, a door opener for a variety of technologies, innovative solutions and new business models. Today, fossil fuels are still the dominating source of energy generation. Lignite is a major contributor to CO2 emissions and the associated climate effects.
According to the International Energy Agency (IEA), coal accounts for 28.1% of the world total energy supply. The share of coal is even higher in terms of electricity production at 39.3%.
The share of coal in the global energy mix is shrinking. Coal is increasingly substituted by natural gas, which generates less CO2 in relative terms and is also affordable for electricity generation.