While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years as declines in Europe and North America are offset by strong growth in India and Southeast Asia, the International Energy Agency (IEA) said on Tuesday.
Air quality and climate policies, coal divestment campaigns, phase-out announcements, declining costs of renewables and abundant supplies of natural gas are all putting pressure on coal.
As a result, coal’s contribution to the global energy mix is forecast to decline slightly from 27 per cent in 2017 to 25 per cent by 2023, IEA’s market report ‘Coal 2018’ said. Read More
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