Helen Robertson, London: Growth in global
coal demand will slow over the next five years as consumption
in China, the US and Europe are expected to ease, according to
the International Energy Agency (IEA).
Medium-Term Coal Market Report, the IEA said that in
the period to 2018, global coal demand will grow by 2.3% per
year, reaching almost 9 billion tonnes. This is down from
its previous forecast annual growth rate of 2.6% over the same
Between 2007 and 2012, global coal demand grew by an average
of 3.4% per year, the IEA said. However in 2012 the growth in
global coal consumption dropped to 2.3% year-on-year, reaching
7.7 billion tonnes.
Despite this year-on-year rise of 170 million tonnes in
2012, this was the third lowest annual growth rate in over 10
China While China will account for almost 60% of...