13 Jan '13, 8am

More depressing news IEA: Coal Will Dominate The Next Decade

More depressing news IEA: Coal Will Dominate The Next Decade

A new report by the International Energy Agency (IEA) says that coal will be the leading energy source in the world by 2022 due to the demand from India and China. “Coal’s share of the global energy mix continues to grow each year,” says IEA executive director Maria Van der Hoeven to BBC News. “If no changes are made to current policies, coal will catch oil within a decade.” The report further predicts that the major changes will be even sooner—coal will catch up to oil by 2017 and China will account for more than half of the world’s consumption by 2014 while India will overtake the US in coal consumption. It has been forecasted that the US will be the only part of the world to reduce demand for coal. “The US experience suggests that a more efficient gas market, marked by flexible pricing and fuelled by indigenous unconventional resources that are produced sustainably can ...

Full article: http://www.solarfeeds.com/iea-coal-will-dominate-the-next...

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