Duke Ligon (Oklahoma City)'s profile

Coal Power Generation Expected to Increase Through 2024

An energy executive in Oklahoma City, Duke Ligon owns and manages Mekusukey Oil Company, LLC, which he founded in 1970. Duke Ligon is also an accomplished attorney, working with both investment banking and energy. In addition to his work with Oklahoma City-based Mekusukey Oil Company and as an energy attorney, he previously led a US delegation focused on forming the International Energy Agency in Brussels.

The International Energy Agency releases periodic reports on the global usage of various energy sources. In 2019, the global report on coal usage showed that its use had been increasing since 2017, despite a historic drop in the generation of coal-fired electricity. The generation of coal-fired electricity is expected to drop by more than 2.5 percent, according to the report, but because of rising demand in parts of Asia, the general upward trajectory through 2024 is not expected to slow down.

The IEA’s Coal 2019 report noted that coal has maintained its position as the world’s largest source of electricity, at a 38 percent world-wide share. This use of coal is largely generated by Asian markets, with China an especially important area, currently producing and consuming around half of the world’s coal. Overall, global coal power generation is expected to increase by around 4.6 percent each year through the year 2024, and should remain stable for the next 40 years.
Coal Power Generation Expected to Increase Through 2024
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Coal Power Generation Expected to Increase Through 2024

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