IEA REPORT ABOUT COAL DEMAND - ENVIRONMENT
News: Global coal demand expected to decline by 2026: IEA report
What is in the news?
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Recently, the International
Energy Agency has released a report about the coal demand.
Key details:
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Global
coal demand will decline by 2026 due to a shift towards renewables.
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Global coal demand
surpassed 8.5 billion tonnes this year.
Regional difference:
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While demand in the European Union and United
States is expected to drop 20% each,
it is expected to rise 8% in India
and 5% in China in 2023 due to demand
for electricity and diminished electrical generation from hydropower.
Coal fired power generation will decline due to
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High hydropower output
due to La Nina
●
Low cost solar power
generation
●
Increasing nuclear power
generation
Global coal production:
●
China,
India, and Indonesia – the three largest coal
producers globally – are expected to break output records in 2023, pushing
global production to a new high in 2023.
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These three countries now
account for more than 70% of the world’s coal production.