Increased hydropower output in 2024, thanks to heavy rainfall, is displacing fossil fuel use for electricity generation and reducing emissions.
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.
Last year, major developing markets such as China and India relied even more heavily on coal power generation as hydroelectric production slumped amid lower-than-normal rainfalls that reduced water levels on the biggest rivers and depleted hydro reservoirs. Lower hydropower output and its replacement with coal drove up emissions by around 170 million tons last year, according to the agency’s estimates.
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