ARCH - IEA Update Shows Global Coal Use to Remain Elevated
A recent International Energy Agency (IEA) market update has revealed that the agency expects global demand for coal to remain high for the rest of the year. Although Europe and the United States have taken steps to cut down coal use, increased use in Asia offset the decline in coal use in the West, indicating the need for more robust policies and investments in clean energy.
Coal demand in the U.S. and the European Union fell by 24% and 16% respectively over the first six months of the year while demand in...
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