Global coal demand stalls after more than a decade of relentless growth
Following more than a decade of aggressive growth, global coal demand has stalled, the International Energy Agency said Friday in its annual coal market report.
The report sharply lowered its five-year global coal demand growth forecast in reflection of economic restructuring in China, which represents half of global coal consumption. Greater policy support for renewable energy and energy efficiency – the foundation of the COP21 agreement in Paris – is also expected to dent coal demand. ….