Coal consumption touches new high in 2022
- Dec 16, 2022 2:50 pm GMT
In its annual report on the fuel, which is and will continue to be the main contributor of greenhouse gas emissions in the short and medium term, the IEA estimates that the demand for coal will remain at about the same level until 2025.
The reduced demand in developed economies like those of
There, the IEA anticipates a limited annual increase of 0.7 percent until 2025, provided that renewable power generation increases by 1,000 terawatt-hours, equivalent to
The worldwide increase in coal usage in 2022 is directly related to the Russian invasion of
Coal has been one of these alternatives. For instance, in the
Faced with gas shortages and subsequent issues, some coal plants that had been shut down have resumed function.
This has happened particularly in
Authors of the study believe that, in any case, even though coal power generation in the EU will continue at the same elevated levels for some time, demand will decline again in 2024, with the reinforcement of energy efficiency and spreading of renewables.
Sadamori emphasized that "at the same time, there are many signs that today's crisis is accelerating the deployment of renewables, energy efficiency and heat pumps - and this will moderate coal demand in the coming years."
European sanctions against coal from
Increased imports from
In the US, however, lack of investment and labor, and transport bottlenecks have led to a reduction in exports, despite the fact that coal prices, affected by gas prices, reached record levels in March and again in summer.
These rates have moderated since then, as some supply issues, particularly in
Nevertheless, authors of the report point out that even though elevated prices and the geopolitical situation caused by the war in
The only exceptions are
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