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IEA expects coal to remain a dominant global fuel through at least the next 5 years as developing countries continue to build coal-fired plants to improve their economies and provide electricity to their people.

Coal Remains a Dominant Global Fuel in IEA Forecasts


Coal Remains a Dominant Global Fuel in IEA Forecasts The International Energy Agency (IEA) released their 2018 Coal Market Report last month with forecasts through 2023. Coal accounts for 27 percent of total global energy and 38 percent of global electricity generation—the same market share it held in 1998. In 2017, global coal demand increased by 1 percent and electricity generation from coal increased by around 3 percent. IEA’s coal market report includes IEA’s five-year forecasts for global coal supply, demand, and trade, forecasting that global coal demand will remain fairly stable through 2023 as developing economies increase their coal demand, negating decreases by industrialized countries. IEA expects global coal demand to gradually decline from 27 percent to 25 percent, mainly due to growth in renewables and natural gas.
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