• Monday, May 16, 2022

Business

Coal Demand Falls In Europe Amid Firm Demand In India, Southeast Asia: IEA

Coal demand grows across much of Asia due to its affordability and availability. India sees the largest increase of any country, although the rate of growth, at 3.9 per cent per year, is slowing, dampened by a large-scale expansion of renewables and the use of supercritical technology in new coal power plants (Photo: AFP/Getty Images).

By: Radhakrishna N S

While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years, as declines in Europe and North America are offset by strong growth in India and Southeast Asia, according to the International Energy Agency’s (IEA) latest coal market report, Coal 2018. Air quality and climate policies, coal divestment campaigns, phase-out announcements, declining costs of renewable,s and abundant supplies of natural gas are all putting pressure on coal. As a result, coal’s contribution to the global energy mix is forecast to decline slightly from…

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