The global coal demand is set to increase to an all-time high this year (2022) mainly driven by coal power growth in India, the European Union (EU) and to a smaller extent by China, the International Energy Agency (IEA) said on Friday.
In a report titled ‘Coal 2022: Analysis and Forecast to 2025,’ IEA said the global coal use is set to rise by 1.2% in 2022, surpassing 8 billion tonnes in a single year for the first time and eclipsing the previous record set in 2013.
Based on current market trends, the report forecasts that coal consumption will then remain at nearly the same level through 2025 as declines in mature markets (US, EU etc) are offset by continued demand for coal in emerging Asian economies. “This means coal will continue to be the global energy system’s largest single source of carbon dioxide emissions by far,” the report said.
