The world's coal use is projected to hit 8.7 billion tonnes in 2023, remaining near-record levels due to a global natural gas crisis linked to Russia's invasion of Ukraine.
According to the International Energy Agency, the rebound in coal consumption signifies an impending peak at 8.77 billion tonnes by year-end, indicating a sustained reliance on coal over the next few years.
While coal power generation in developed nations like the US and EU has peaked and is expected to decline by 5% and 12% respectively, China's coal consumption continues to surge.
The IEA forecasts that coal demand in China will increase by 1% in 2024, reaching 4.9 billion tonnes, while India's consumption is also set to rise significantly, marking a troubling trend.
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