“There is a lot of talk but not much change”: coal, the primary fossil source of energy, is at the heart of the debate on energy and climate policy with an increasing number of countries posing decarbonization as a key goal of their policy. Despite the great attention “the market trend is proving resistant to change”.
The International Energy Agency (IEA) dedicates its 2018 annual report to coal with analysis and forecasts for 2023, which underlines how global demand for coal has returned to growth in 2017, after two years of decline, by 1% to 7,585 million tonnes thanks to the to a recovery in economic growth that has driven industrial production and electricity use. Driven by strong electricity generation in China and India, demand is expected to grow again in 2018, Notes Aie, and then stabilize between now and 2023.
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