Despite the world’s accelerated clean energy transformation in recent years and steps to combat climate change, the use of coal, which is the largest source of carbon emissions, will break a record due to increasing reliance on this fuel with the use of coal in the generation of electricity due to the high prices of natural gas.

Russia’s sharp reduction in the flow of gas in response to sanctions imposed by Europe in the aftermath of the Russian-initiated war in Ukraine led to an increase in the use of coal in Europe for the second year in a row, while it is expected that the Europe’s demand for coal falls. by 2025.

STRONG DEMAND FOR COAL FROM ASIA

While coal demand in developed countries is expected to decline in the coming years, strong demand growth is expected, especially in emerging Asia.

Coal is expected to remain the world’s largest source of carbon emissions, as declines in developed countries will be offset by growth in Asia.

Although coal production in China, India and Indonesia, the world’s three largest coal producers, is expected to reach record levels this year, no increase in coal investments is anticipated.

Developments in China, the world’s largest coal consumer, are said to play a decisive role in global coal demand in the coming years, and developments in India are also important.

‘NO HIGH POINT IS SEEING IN THE USE OF FOSSIL FUELS’

IEA Director of Energy Security and Markets Keisuke Sadamori, in his assessment of the report, asserted that the world is close to the highest level of fossil fuel consumption, saying: “After reaching this peak, the demand for coal It will start to slow down first, but we haven’t gotten to that point yet.” (AA)