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International Energy Agency predicts ‘decade of stagnation’ for coal


The Intelligencer and Wheeling News-Register

WHEELING, W.Va.  — The International Energy Agency does not believe President Trump’s plans to overturn Obama-era environmental regulations will do much to bolster coal markets, as the Paris-based organization predicts a “decade of stagnation” in demand for the carbon-rich mineral.

The agency predicts that by 2022, coal will account for just 36 percent of global electricity generation, which officials said would be the lowest share on record since the agency began keeping statistics in 1974.

Amid new concerns coal executives express about further power plant closures, hope remains in the form of new carbon capture and and clean coal technologies which may satisfy the environmental concerns of some in the global community.

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