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Global coal consumption reached a new record in 2022 and is expected to stay near those high levels this year, the International Energy Agency (IEA) reported Thursday in their latest market update.
Coal consumption rose by 3.3 per cent to 8.3 billion tonnes in 2022. According to the IEA, strong growth in Asia in both power generation and industrial applications are continuing to outpace declines in Europe and the United States.
“In 2023 and 2024, small declines in coal-fired power…
