Global coal demand is expected to rise by 1.2% in 2026 to a record 8.94 billion tonnes, according to the International Energy Agency (IEA) report covered by Yahoo Finance. This reverses earlier predictions that coal use would go down.
Global coal demand is expected to rise by 1.2% in 2026 to a record 8.94 billion tonnes, according to the International Energy Agency (IEA) report covered by Yahoo Finance. This reverses earlier predictions that coal use would go down. Main Causes Middle East Conflict: - War in the region disrupts shipments of liquefied natural gas (LNG) through the Strait of Hormuz. Higher Gas Prices: - Gas shortages push energy prices up. Fuel Switching: - Power plants switch from expensive gas to cheaper or readily available coal. El NiƱo Weather: - Hotter weather increases the need for air conditioning and lowers hydropower output. Regional Impacts Asia and Europe:- Countries with spare coal power plants are burning more coal. China and India: - High demand in these major markets drives the global increase. Production Drop: - Global coal production will dip slightly in 2026, partly due to safety mine closures in China. MJF Lion ER YK Sharma