The IEA estimated demand of coal in the world until 2022

© RIA Novosti / Alexander Krauledat in photobackgrounds at the coal yard. Archival photoThe IEA estimated demand of coal in the world until 2022© RIA Novosti / Alexander Krajevima the image Bank

The demand for coal in the world by 2022 will remain virtually unchanged, leading to almost a decade of stagnation in the consumption of fuel, is spoken in the message of the International energy Agency on the basis of the annual report of the organization on the coal market.

«The global demand for coal should remain virtually unchanged between 2017 and 2022 years», — stated in the message. The growth in demand for coal up to 2022 will focus in India, Southeast Asia and some other Asian countries, the IEA expects. Demand will fall in Europe, Canada, USA and China, shows the release.

As a result of these contrasting trends global coal demand will reach 5,530 billion tons in 2022, which is only slightly more than current levels, which would mean stagnation in the consumption of coal for about a decade, the report said. The IEA expects a decline in the share of coal in the global energy mix to 26% in 2022, up from 27% in 2016, «due to the weak growth of demand in comparison with other fuels».

The Agency notes that in 2016 global demand for angle decreased for the second consecutive year – it decreased by 1.9% to 5,357 billion tons. This two-year drop closer to the previous two-year record in the history of statistical observations, the IEA made in the early 90-ies.

Among the reasons that caused the decrease in coal consumption, indicating the reduction in gas prices, increased use of energy from renewable sources, energy efficiency.

At the same time in 2016, rising coal consumption in India and other countries in Asia could not offset a significant decline in demand in the United States, China (where demand fell for the third consecutive year) and the UK (where demand fell by more than 50%), according to the IEA.