Global coal demand hits a new record high, likely the last
Kyiv • UNN
According to the International Energy Agency, global demand for coal will reach a record high of 8.5 billion tons in 2023.
The International Energy Agency estimated global coal demand in 2023 at a historically high level of 8.5 billion tons. However, the agency noted that in the coming years, demand for coal will begin to decline due to "a significant expansion of renewable energy capacity." This was reported by Euronews, according to UNN.
Details
According to the International Energy Agency, global demand for coal will reach a record high of 8.5 billion tons in 2023. But experts predict that demand will start to decline in the coming years.
The experts' report indicates that the growth in demand for coal on a global scale will be almost 1.5%. Most fossil fuels are consumed in Asia. China increased consumption by almost 5%, and India - by 8% compared to 2022.
However, experts point out that in some countries, coal use has decreased by about 20%, as a significant share of global CO2 emissions is associated with the production of electricity and heat through coal combustion.
Experts predict that global demand for coal, oil and gas will peak in the coming years, after which it will begin to decline due to "a significant expansion of renewable energy capacity."
To recap
To ensure a sustainable heating season, Ukraine agreed to attract 150 million from the European Bank for Reconstruction and Development (EBRD).