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Global coal demand set to remain at record levels in 2023 – Greater clean energy policy efforts and investments needed

“Coal is the largest single source of carbon emissions from the energy sector …..” said IEA Director of Energy Markets and Security Keisuke Sadamori. “We need greater policy efforts and investments – backed by stronger international cooperation – to drive a massive surge in clean energy and energy efficiency to reduce coal demand in economies where energy needs are growing fast.”

China, India and Southeast Asian countries together are expected to account for 3 out of every 4 tonnes of coal demand consumed worldwide in 2023.

In the European Union, growth in coal demand was minimal in 2022 as a temporary spike in coal-fired power generation was almost offset by lower use in industry. European coal use is expected to fall sharply this year as renewables expand, and as nuclear and hydropower partially recover from their recent slumps. In the United States, the move away from coal is also being accentuated by lower natural gas prices.

https://www.iea.org/news/global-coal-demand-set-to-remain-at-record-levels-in-2023

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