BP outlines the path for coal in annual outlook

Data: BP Energy Outlook; Chart: Danielle Alberti/Axios

The biggest takeaway from BP's annual long-term outlook was about peak oil demand, but there are other interesting points in the report as well— including its take on coal's future.

Why it matters: While global consumption is already heading downward, the slope of the decline absent much stronger policies is nowhere near consistent with holding the temperature rise in check.

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Here's how BP thinks coal's future could look under two broad scenarios:

• "Business as usual" represents what happens if "government policies, technologies and social preferences continue to evolve in a manner and speed seen over the recent past."
• The other two scenarios represent an energy system consistent with meeting the temperature-limiting goals of the Paris Agreement.