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Global shocks have debunked the peak coal myth
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Global shocks have debunked the peak coal myth
THE world burns nearly double the amount of coal today compared to 2000, and four times the amount consumed in 1950. Every minute, 16,700 tons of coal are excavated globally – enough to fill seven Olympic swimming pools, according to the Financial Times in a report in July. In fact, the International Energy Agency (IEA) has changed its mind on a previous forecast that coal demand peaked in 2013. Now it talks of a plateau rather than a peak. “We…
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