Recovering Hydropower Set to Reduce Fossil Fuels Growth

Following low generation from hydropower in 2023, global hydropower plants have seen their output soar this year, thanks to sufficient rainfalls in large hydropower-producing nations. The recovery of hydropower output from last year’s lows could displace some of the fossil fuel use for electricity generation, Reuters market analyst John Kemp notes. In 2023, energy-related emissions surged to another record-high level as coal use rose in major developing markets hit by low hydropower generation, the latest emissions report by…