- December 17, 2021
- Posted by: Stratford Team
- Category: Business
Coal power is on track to hit a new global record this year after an economic rebound that could drive worldwide coal demand to an all-time high in 2022, according to the International Energy Agency.
The amount of electricity generated from coal power plants has soared by 9% this year after a surge in fossil fuel demand to fuel the recovery from Covid lockdowns, a report by the watchdog says.
Coal power fell by 4% in 2020 as the pandemic caused a global economic slowdown, but the IEA found that demand for electricity this year had outpaced the growth in low-carbon sources, leading many wealthy economies to rely more heavily on fossil fuel power plants.
The global gas supply crunch, which has caused record-high prices worldwide, has also helped reignite demand for coal, the IEA report says.
The agency found that global demand for coal, including cement and steel making, rose by 6% overall this year. Although the total falls short of record levels of demand…
