Global coal use to reach record high in 2023, energy agency says
1 year ago

Global coal use to reach record high in 2023, energy agency says

Al Jazeera  

IEA report says demand is expected to grow in India, China but decline in United States, European Union. Global coal use is expected to reach a record high in 2023 as demand in emerging and developing economies remains strong, the International Energy Agency has said. The demand for coal is seen rising 1.4 percent in 2023, surpassing 8.5 billion tonnes for the first time as usage in India is expected to grow 8 percent and that in China up 5 percent due to rising electricity demand and weak hydropower output, IEA said in a report released on Friday. But the IEA noted that overall coal use is not expected to drop until 2026, when the major expansion of renewable capacity in the next three years should help lower usage by 2.3 percent compared with 2023 levels, even with the absence of stronger clean energy policies. To reach goals set by the Paris climate agreement – reached in 2015 by governments who agreed to phase out fossil fuels in favour of renewable energy in the second half of the century – the use of unabated coal would need to fall significantly faster, it added.

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