IEA Expects Global Coal Use to Hit New High

A new report expects that the use of coal globally will increase by more than 1% this year to exceed 8 billion metric tons for the first time ever. The use of coal has a significant impact on the environment, given that burning coal is the most polluting way to produce energy. Burning this fuel leads to the emission of carbon dioxide as well as toxic and carcinogenic substances into the air, land and water.

The U.S. Energy Information Administration has listed other emissions from coal combustion, which include sulfur dioxide, nitrogen oxides and particulates.

The International Energy Agency (IEA) report comes at a time of considerable uncertainty and volatility in energy markets globally. Ukraine’s invasion by Russia earlier this year disrupted the dynamics of coal demand and supply patterns as well as its trade this year, which had in turn put the use of coal on course to grow by 1.2%.

The IEA stated that fossil fuel prices had recorded a significant increase in 2022, highlighting that the sharpest increase had been observed in the price of natural gas. In its Coal 2022 report, the agency explained that this had led many to switch from gas and, in turn, had increased the demand for more price competitive fuel options like coal.

The IEA further indicated that despite this as well as strong deployment of renewables and energy efficiency, higher prices of coal and weakening economic growth globally were modulating the increase in overall demand for coal in 2022. It is expected that while the use of coal in generating electricity will increase by more than 2% in 2022, its use in industry will decline by more than 1% as a result of a decrease in the production of iron and steel.

In a statement, the director of energy markets and security at the IEA, Keisuke Sadamori, stated that the use of fossil fuels was almost at its peak globally and noted that the fuel’s demand would potentially hit a new high in 2022, causing global emissions to increase. Sadamori added that there were different signs that the current crisis was speeding up the deployment of heat pumps, renewable energies and energy efficiency, which would, in the coming years, moderate the demand for coal. He then stressed that government policies would be crucial in ensuring a sustainable and secure way forward.

The IEA predicts that the demand for coal globally will plateau near 8 billion metric tons in the short-term. This poses strategic questions for coal industry players such as Arch Resources Inc. (NYSE: ARCH) regarding their long-term future prospects.

About MiningNewsWire 

MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to millions of social media followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.

To receive SMS text alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit

Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published:

Los Angeles, California
310.299.1717 Office

MiningNewsWire is part of the InvestorBrandNetwork.


Select A Month

Contact us: (310) 299-1717