The International Energy Agency has said that the global consumption of coal has hit a record high in 2023. According to news agency AFP, the IEA said, it is expected to start declining next year. The IEA’s latest forecast came after nearly 200 countries at the COP28 UN climate talks adopted a deal stating that the world will be “transitioning away from fossil fuels” to achieve net-zero emissions by 2050 and limit global warming.
#UPDATE World coal consumption hit a record high in 2023 but should start declining next year, the International Energy Agency says.
The IEA’s latest forecast came after nearly 200 countries at the COP28 UN climate talks adopted a deal stating that the world will be… pic.twitter.com/mfdHSah7gQ
— AFP News Agency (@AFP) December 15, 2023
Coal is the largest energy-related source of the CO2 emissions responsible along with other greenhouse gases for global warming An increase in the demand for coal was seen this year by 1.4 per cent, surpassing 8.5 billion metric tons for the first time as consumption in India is likely to grow 8% and that in China is seen up 5% due to increase in the demand of electricity and weak hydropower output, the IEA said in its report, as reported by news agency Reuters.
In the European Union and United States, however, the use of coal is set to drop by around 20% each in 2023, the report stated.
