The growing demand for coal is due to the energy crisis and high natural gas prices.
Global coal consumption in 2022 will grow 1.2% compared to last year and will exceed 8,000 million tons, reaching its historical record, according to the report of the International Energy Agency (IEA) published this Friday.
The report highlights that the growing demand for coal is due to the energy crisis and high natural gas prices. In addition, China, India and Indonesia, the largest coal producers, are expected to achieve record extraction in 2022. Likewise, the IEA forecasts that coal consumption will remain almost the same level until 2025, then it will decrease due to the increase in the use of renewable sources in advanced economies.
“The world is near [de alcanzar] a peak in the use of fossil fuels and coal will be the first to decline, but we are not there yet,” said Keisuke Sadamori, director of Energy Markets and Security at the IEA. Despite the fact that demand for coal is ” stubborn”, there are signs that in the near future it will be moderated by the growing use of renewables and energy efficiency, he said.
Source: RT
