Global coal demand broke records in 2022, more growth expected in 2023

From NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

Global coal consumption grew by 3.3% to a record-setting 8.3 billion tons (bt) in 2022 with levels expected to increase once again in 2023.

In a new report released by the International Energy Agency (IEA) July 27, entitled “Coal Market Update,” the global demand for coal increased due to the commodity being relatively cheaper and more readily available than gas in certain parts of the world.

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