China’s determined efforts to reduce coal consumption will slow the growth of global coal demand over the next five years, according to a new report from the International Energy Agency. China will still account for 60% of the global increase in coal consumption through 2018, but according to the IEA, “government efforts to encourage energy efficiency and diversify electricity generation will dent that growth, slowing the global increase in demand.”The IEA downgraded its projection for Chinese coal demand, which it estimates will…
via OilPrice.com Daily News Update http://oilprice.com/Energy/Coal/Chinese-Coal-Demand-Slows-Putting-Coal-Producers-at-Risk.html
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