Peabody Energy Corporation

01/11/2024 | Press release | Distributed by Public on 01/11/2024 20:15

Material Event Form 8 K

Item 8.01 Other Events.
This Current Report on Form 8-K is being filed to clarify a statement made during the Peabody Energy Corporation (the "Company") third quarter 2024 earnings call, held on October 31, 2024, by the Company's Chief Marketing Officer, Malcolm Roberts.
Mr. Roberts stated that, "Earlier this month, the International Energy Agency published its annual World Energy Outlook, a comprehensive review of the likely paths of supply and demand for fossil fuels and renewable sources of energy. Within this context, the Agency estimates that coal consumption in 2030 will now be six percent higher than their 2023 forecast."
The International Energy Agency's World Energy Outlook employs three main scenarios to explore different pathways for the energy sector to 2050: the Stated Policy Scenario ("STEPS"), the Announced Pledges Scenario ("APS"), and the Net Zero Emissions by 2050 ("NZE") Scenario. In the World Energy Outlook 2024, the outlook for coal consumption in 2030 was revised upward from the outlook included for 2030 in the World Energy Outlook 2023 ("WEO-2023") for all three scenarios. In the STEPS, total coal demand is 300 million tonnes of coal equivalent (Mtce), or six percent, higher in 2030 than in WEO-2023. In the APS, total coal demand is 325 Mtce, or seven percent, higher in 2030 than in WEO-2023. In the NZE Scenario, total coal demand is 183 Mtce, or six percent, higher in 2030 than in WEO-2023.
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