• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Global Coal Demand Set To Fall As China Uses More Renewable Resources

OMMCOM NEWS by OMMCOM NEWS
December 16, 2023
in Business

London:  Global coal demand is likely to have peaked this year, and could drop by about 2 per cent over the next three years as China brings more renewable energy sources online, the International Energy Agency said, according to a media report.

It’s the first time the Paris-based agency has predicted a drop in appetite for the dirty fuel over a three-year period, CNN reported.

Demand is on track to peak at 8.54 billion metric tonnes (9.4 billion tonnes) this year, surpassing the previous record of 8.42 billion metric tonnes hit in 2022, the IEA said in its annual coal market report.

The agency expects demand to start falling in 2024, and drop by 2.3 per cent by the end of 2026.

Keisuke Sadamori, the IEA’s Director of Energy Markets and Security, said the forecast showed that “a turning point for coal is clearly on the horizon”, CNN reported.

“We have seen declines in global coal demand a few times, but they were brief and caused by extraordinary events such as the collapse of the Soviet Union or the Covid-19 crisis,” Sadamori said in a press release.

“This time appears different, as the decline is more structural, driven by the formidable and sustained expansion of clean energy technologies.”

More than half of the renewable energy capacity coming online in the next three years will be in China, the IEA said. The country currently accounts for over half of global demand for coal, according to the agency, CNN reported.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

Mathivathanan Advises New Joinees To Work For An Inclusive & Empowered Odisha

Next Post

Is One-Off Test Enough? Jhulan Goswami Calls For More Tests After India’s Dominant Win Over England

Related Posts

Piyush Goyal
Business

Piyush Goyal Holds Meet To Speed Up Work On Vadhavan Port Project In Maharashtra

October 21, 2025
Core Industries
Business

India’s Eight Core Industries Clock 3 Pc Growth In September

October 21, 2025
India's Export
Business

India Diversifies Export Market To Counter US Tariff Hike

October 21, 2025
Justice Pratibha M Singh
Business

Piyush Goyal Hails Justice Pratibha M Singh’s Appointment As WIPO Advisory Board Chair

October 21, 2025
Ola Electric
Business

Ola Electric Shares Tumble After CEO Bhavish Aggarwal Booked In Employee Suicide Case

October 21, 2025
Muhurat Trading Session
Business

Sensex, Nifty End Higher In Muhurat Trading Session As Samvat 2082 Begins

October 21, 2025
Next Post

Is One-Off Test Enough? Jhulan Goswami Calls For More Tests After India's Dominant Win Over England

NIA

NIA Arrests Key Accused In Attari Border Drug Haul Case

ODI Cricket Is Just ‘Too Long’, Should Be Reduced To 40 Overs: Wasim Akram

KHIMJI
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.