Global coal usage rises in wake of Covid-19 and gas crises

Unusually high natural gas prices of late are leading many nations and commercial players to regress into firing coal, with the largest surge forecast for Europe, writes IEA in a new report.

Photo: Ina Fassbender/Reuters/Ritzau Scanpix/REUTERS / X00970

While Russia’s invasion of Ukraine has natural gas prices soaring, the preferred fuel of industrialization, coal, is in the process of making a historic comeback, shows a new report from the International Energy Agency.

The main causal factors behind this trend, IEA asserts, are economic growth in India combined with the outlook to fewer Covid-19 restrictions in China looking forward.

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