High gas prices following Russia's invasion of Ukraine, heatwaves and droughts are all drivers leading to the increase in consumption according to the International Energy Agency.
abc.net.au/news/coal-consumption-expected-to-hit-all-time-high/101784672Global coal consumption is set to rise to an all-time high in 2022 according to a new report by the International Energy Agency .The largest increase in coal demand is expected to be in India, followed by the EUHigh gas prices following Russia's invasion of Ukraine and consequent disruptions to supply have led some countries to turn to relatively cheaper coal this year.
The IEA's annual report on coal forecasts global coal use is set to rise by 1.2 per cent this year, exceeding 8 billion tonnes in a single year for the first time.It also predicts coal consumption will remain flat at that level until 2025 as falls in mature markets are offset by continued strong demand in emerging Asian economies.
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