28 April 2024
Coal prices to fall as demand stalls in US and Europe – IEA forecast
Publication date: 13 December 2016
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The unexpected spike in coal prices this year will likely be short lived, as global demand for the most-polluting fossil fuels stalls over the coming five years, the International Energy Agency (IEA) said in its latest five-year coal market forecast.
Coal’s share of the world primary energy mix could fall to 27% in 2021, from 30% today, despite the fuel accounting for 45% of energy-related CO2 emissions, the body predicted.