The International Energy Agency (IEA) has predicted that coal consumption could be at an all-time high this year. Reuters reported this information in a report.
For several years, world leaders have been taking various initiatives to reduce the use of coal. At the recently held COP-28 climate conference in Dubai, an agreement was signed to reduce fossil fuels. However, nothing can reduce the use of coal.
Most coal is used in Southeast Asian countries including China, India. Basically, countries produce electricity from coal to meet their electricity needs. Hence high demand for coal may remain unchanged till 2026. However, the IEA has predicted that the demand for coal will decrease by 2.3 percent compared to 2023.
The IEA also said that global coal demand could increase by 1.4 percent to 8.5 billion tonnes this year. This is the record for the highest demand for coal.
Coal consumption is likely to increase in India and China this year. According to the IEA, coal consumption could increase by 8 percent in India and 5 percent in China.
The IEA said in its report that in 1990, one quarter of the world’s coal consumption was consumed by China, India and Southeast Asian countries. This year it has increased to three-fourths.
China is still at the top of the world in terms of consumption and import of coal. China’s coal imports in November increased by 20.9 percent compared to the previous month, the country’s General Administration of Customs said. Last month, China imported 4 crore 35 lakh 10 thousand tons of coal. This is 34.7 percent higher than November last year. And in the first 11 months from January to November of this year, China imported a total of 42 crore 71 lakh 40 thousand tons of coal. This is also 62.9 percent higher than this time last year.
After China, India and Indonesia occupy the second and third positions in terms of coal consumption. The IEA has predicted that these three countries will produce record amounts of coal this year.