Rising Energy Demands from AI and Bitcoin Revive Coal Dependency, Threatening Global Climate Goals

Doug McIntyre discusses the resurgence of coal as a primary energy source, driven by the rising electricity demands of artificial intelligence and Bitcoin. Despite expectations that coal would be replaced by renewable energy sources like solar and wind, utilities are turning back to coal due to its existing infrastructure. The electricity consumption of AI alone is projected to match Japan’s annual usage within two years, contributing to the increased reliance on coal. This trend is evident not only in the U.S. but also in China and India, reversing earlier predictions of declining coal usage. McIntyre warns that coal is becoming dominant again, with detrimental effects on the environment.