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Demand For Coal Expected to Slow Worldwide

January 12, 2017

The International Energy Agency has estimated the growth in global coal demand will slow over the next five years.

Global coal demand should grow from 5.4 billion tons in 2015 to 5.636 billion tons in 2021, or an annual growth of 0.6 percent, Reuters reported. Over the past decade, coal had grown by 2.5 percent yearly.

IEA pinned the slowing growth on lower demand in China and the United States, due in part to the growth of renewable energy sources.

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