NewzAccording to the International Energy Agency (IEA), global coal demand is projected to grow by 1.2% by the year 2026, reaching a record high of 8.940 billion tons. The announcement was made in Paris on September 10, based on reports from the EFE news agency.
The IEA attributes this unexpected upward trend directly to the rising costs of natural gas caused by the ongoing crisis in the Strait of Hormuz. This economic pressure is driving a shift toward coal as a more heavily relied-upon energy source despite broader global decarbonization trends.
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