Coal shortages remain a key downside risk

Efforts to improve the stability of coal supply have had some success over the past 18 months but shortages remain a key downside risk to the economic outlook. The upcoming summer months could be a potential crunch point. And as outlined in our inaugural Climate Economics Outlook published this week, India's dependence on coal, along with strong per capita GDP growth, means India will become the world's largest emitter of greenhouse gases in the coming decades.