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Just on @NPORadio1 [National Radio]: global coal consumption is reaching a record high this year. Coal use in Asia in particular is growing: already 80% of total world consumption. The IEA expects global coal consumption to fall sharply from 2025 onwards.

'Sapere aude'

by Oui (Oui) on Tue Dec 20th, 2022 at 06:16:38 PM EST
Global coal demand is set to rise in 2022 amid the upheaval of the energy crisis | IEA |

Fossil fuel prices have risen substantially in 2022, with natural gas showing the sharpest increase. This has prompted a wave of fuel switching away from gas, pushing up demand for more price-competitive options, including coal in some regions. Nonetheless, higher coal prices, strong deployment of renewables and energy efficiency, and weakening global economic growth are tempering the increase in overall coal demand this year.

In China, which accounts for 53% of global coal consumption, prolonged and stringent Covid-19 lockdowns have weighed heavily on economic activity, undermining coal demand. At the same time, droughts and heat waves in China this summer accelerated coal burning to meet a surge in power demand for air conditioning.

'Sapere aude'
by Oui (Oui) on Tue Dec 20th, 2022 at 06:17:43 PM EST
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