According to the IEA’s Coal 2022 report, coal demand was expected to increase by 1.2 percent in 2022, hitting an all-time high and surpassing 8 billion tonnes for the first time.
A shortage of natural gas due to Russia’s invasion of Ukraine was the primary reason for coal demand soaring, with a 2% increase in coal use for electricity production.
This month, an International Energy Agency report suggested that coal consumption is expected to hit an all-time high and remain stable between 2022 and 2025 unless the transition to cleaner alternatives speeds up. Coal consumption was forecast to increase by 1.2 percent in 2022, the highest level ever recorded. In itsreport, the IEA highlighted the shortage and costliness of gas as a major reason for the ongoing reliance on coal in Europe.
: “The world is close to a peak in fossil fuel use, with coal set to be the first to decline, but we are not there yet.” Russia’s invasion of Ukraine in February this year has altered predictions on energy use in Europe and other parts of the world as a major oil and gas supply suddenly went offline, with several countries imposing sanctions on Russian energy.
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