Coal Sales to Rebound With First Gains in Years in U.S., Europe
Global coal demand is poised to rebound next year as the economy recovers and the U.S. and Europe may see the first increase in consumption in several years, the International Energy Agency said.
Despite the global shift toward economies based on renewable energy, the dirtiest fossil fuel looks set to keep its role as the world’s biggest power source although its share will slip to 35% in 2021 from 36.5% last year.
Coal use in power generation globally is expected to increase by as much as 2.8% next year as electricity demand rebounds particularly in Asia, the IEA said in its 2020 coal report.
Read original full article