What Paris Agreement? Coal Consumption Hit a Record 8 billion tons in 2022
13 hours ago Eric Worrall 22 Comments
Essay by Eric Worrall
According to the IEA coal use will drop as soon as European renewables start displacing coal.
The world’s coal consumption is set to reach a new high in 2022 as the energy crisis shakes markets
16 December 2022
Increase in coal use in Europe is expected to be temporary, with demand falling in advanced economies in the coming years but remaining robust in emerging Asia
Global coal demand is set to increase only marginally in 2022 but enough to push it to an all-time high amid the energy crisis, according to a new IEA report, which forecasts the world’s coal consumption will remain at similar levels in the following years in the absence of stronger efforts to accelerate the transition to clean energy.
Global coal use is set to rise by 1.2% in 2022, surpassing 8 billion tonnes in a single year for the first time and eclipsing the previous record set in 2013, according to Coal 2022, the IEA’s latest annual market report on the sector. Based on current market trends, the report forecasts that coal consumption will then remain flat at that level through 2025 as declines in mature markets are offset by continued robust demand in emerging Asian economies. This means coal will continue to be the global energy system’s largest single source of carbon dioxide emissions by far.
https://wattsupwiththat.com/2022/12/17/what-paris-agreement-coal-consumption-hit-a-record-8-billion-tons-in-2022/