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Coal 2022: Analysis and forecast to 2025
December 24 , 2022
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- It was released by the International Energy Agency (IEA).
- It says coal is set to continue to be the growth engine of global coal demand.
- There is an absence of low-emissions alternatives that can replace coal at scale in the iron and steel sector in the near term.
- In 2022, the Global coal demand reached eight billion tonnes in a single for the first time.
- It was eclipsing the previous record set in 2013.
- India, along with China, is the world’s largest coal producer, consumer, and importer.
- India’s own coal production will surpass a billion tonnes by 2022.
- India’s coal consumption has doubled since 2007 at an annual growth rate of 6 per cent.
- India and China, are also the only two countries globally where there has been an uptick in investment in coal mine assets.
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