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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
COAL
Global coal consumption is set to rise to an all-time high in 2022 and remain at similar levels in the next few years, a report by the IEA said.
- The IEA's annual report on coal forecasts global coal use is set to rise by 1.2% this year, to 8.3bn tonnes, surpassing the previous all-time high in 2013.
- High gas prices following Russia's invasion of Ukraine and consequent disruptions to supply has supported coal generation in several countries.
- Coal consumption was also fuelled by higher power demand amid heatwaves and droughts and reduced hydropower and nuclear generation in Europe.
- IEA also predicts that coal consumption will remain flat at that level to 2025 as falls in mature markets are offset by continued strong demand in emerging Asian economies.
- The largest increase in coal demand is expected to be in India at 7%, followed by the EU at 6% and China at 0.4%.
- Europe's coal demand has risen due to more fuel-switching from gas to coal due to high gas prices and limited Russian gas supplies.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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