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Global Coal Consumption On Track To Hit An All-Time High
https://oilprice.com/Energy/Energy-General/Global-Coal-Consumption-On-Track-To-Hit-An-All-Time-High.amp.htmlGlobal coal demand is on track to reach an all-time high this year amid the energy crisis and the resulting spike in natural gas prices, the International Energy Agency (IEA) said on Friday, expecting coal consumption to likely remain flat after 2022 through 2025 if energy transition is not accelerated.
Coal consumption worldwide is forecast to rise by 1.2% in 2022, exceeding 8 billion tons in a single year for the first time ever, and beating the previous coal demand record set in 2013, the IEA said in Coal 2022, its latest annual market report on the sector.
Coal consumption worldwide is forecast to rise by 1.2% in 2022, exceeding 8 billion tons in a single year for the first time ever, and beating the previous coal demand record set in 2013, the IEA said in Coal 2022, its latest annual market report on the sector.
But hey, it cod have been worse, if manufacturing hadn't slowed down.
Coal used in electricity generation, the largest consuming sector, is expected to grow by just over 2% in 2022. But coal consumption in industry is expected to drop by over 1%, on the back of falling iron and steel production amid the economic slowdown, the agency said.
