World coal consumption i expected to hit a record high in 2024 according to the report by International Energy Agency.
On Wednesday, the IEA released its Coal 2024 report, stating that global coal consumption is projected to reach an all-time high in 2024, surpassing 8.9 billion tons.
The report cites two main reasons for the rise in consumption. First, coal demand decreased during the Covid-19 pandemic but has since rebounded as industries and economies recovered. Second, the need for electricity around the world has been growing rapidly.
Power plants that run on coal are expected to produce more electricity than ever before—10,700 terawatt-hours. Most of this increase comes from countries like China and India, where electricity demand is especially high.
China, the world’s largest coal consumer, is forecasted to see its coal demand grow by 1% to a record-breaking 4.9 billion tons, while India’s consumption is set to rise by over 5%, reaching 1.3 billion tons, a milestone previously achieved only by China. In contrast, coal usage in the United States and the European Union continues to decline, but at a slower pace, falling by 5% and 12%, respectively, in 2024.
The Coal 2024 report points out the need for managing the global energy transition while addressing regional energy demands.
Iran and Uzbekistan have signed a memorandum of understanding (MOU) aimed at expanding bilateral cooperation in transit and logistics infrastructure, marking a significant step in strengthening regional trade routes.
Azerbaijani authorities have deported three foreign nationals accused of organizing illegal religious activities in violation of national laws, according to a joint statement issued by the State Security Service and the State Migration Service on Tuesday.
Syria is initiating economic reformation by reopening its economic markets, which have been through complete Paralysis for the past six months- considering it is the longest shutdown ever since the over-decade war and sanctions.
In a significant step to strengthen diplomatic, economic, and cultural ties, Mongolia and Turkmenistan signed 14 bilateral agreements during the state visit of Turkmen President Serdar Berdimuhamedow to Ulaanbaatar on June 1–2, at the invitation of Mongolian President Khurelsukh Ukhnaa.
Iran and Uzbekistan have signed a memorandum of understanding (MOU) aimed at expanding bilateral cooperation in transit and logistics infrastructure, marking a significant step in strengthening regional trade routes.
Chinese Foreign Minister Wang Yi met with U.S. Ambassador David Perdue on Tuesday in a meeting that underscored both the hope for improved bilateral relations and the mounting strain over critical mineral exports.
Azerbaijani authorities have deported three foreign nationals accused of organizing illegal religious activities in violation of national laws, according to a joint statement issued by the State Security Service and the State Migration Service on Tuesday.
Sixteen NATO allies, providing more than 40 ships, 25 aircraft and approximately 9,000 personnel, will take part in the 54th iteration of Baltic Operations, or BALTOPS 25.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
As peace talks progress, voices from Yerevan, Tbilisi, and Baku reveal hopes, concerns, and expectations for a future shaped by trade, trust, and generational change in the South Caucasus.
In a major blow to one of President Donald Trump’s key economic policies, a US federal court has blocked the administration’s sweeping global tariff regime, ruling that the White House overstepped its constitutional authority.
A bridge collapse in the Vygonichsky district of Russia’s Bryansk region, near the Ukrainian border, caused a train derailment and a traffic accident early Sunday, killing at least seven people and leaving 30 injured, according to emergency services.
Ukraine’s Security Service (SBU) has confirmed it carried out a third targeted attack against the Crimean Bridge, also known as the Kerch Bridge, early Tuesday morning, marking a new escalation in the ongoing conflict with Russia.
A cargo ship carrying around 800 electric vehicles caught fire off Alaska, forcing its 22 crew members to abandon the vessel amid rising concerns over maritime EV fires.
Chinese Foreign Minister Wang Yi met with U.S. Ambassador David Perdue on Tuesday in a meeting that underscored both the hope for improved bilateral relations and the mounting strain over critical mineral exports.
Sixteen NATO allies, providing more than 40 ships, 25 aircraft and approximately 9,000 personnel, will take part in the 54th iteration of Baltic Operations, or BALTOPS 25.
The United States has announced visa restrictions on unnamed Central American government officials associated with Cuban medical missions, citing concerns over labor practices.
Iran and Uzbekistan have signed a memorandum of understanding (MOU) aimed at expanding bilateral cooperation in transit and logistics infrastructure, marking a significant step in strengthening regional trade routes.
Chinese Foreign Minister Wang Yi met with U.S. Ambassador David Perdue on Tuesday in a meeting that underscored both the hope for improved bilateral relations and the mounting strain over critical mineral exports.
Azerbaijani authorities have deported three foreign nationals accused of organizing illegal religious activities in violation of national laws, according to a joint statement issued by the State Security Service and the State Migration Service on Tuesday.
Sixteen NATO allies, providing more than 40 ships, 25 aircraft and approximately 9,000 personnel, will take part in the 54th iteration of Baltic Operations, or BALTOPS 25.
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