Global Coal Demand On Track To Match Record

India is a key driver of coal demand growth

Soaring natural gas prices are giving rise to coal demand around the world, with consumption set to match this year the record-high from 2013, and further jump to a new all-time high next year, the International Energy Agency (IEA) said on Thursday.

The surge in natural gas prices following the Russian invasion of Ukraine has accelerated a gas-to-coal switch and has made coal more competitive in many markets, driving a rise in coal demand and coal prices globally, the agency said.

This year, global coal demand is expected to rise by 0.7% to 8 billion tons if China’s economy recovers as expected in the second half of 2022, according to the IEA’s July 2022 Coal Market Update. This is despite an economic slowdown and still uncertain recovery in China after the COVID-related lockdowns in the second quarter of 2022. If the IEA’s forecast pans out, global coal demand this year will equal the demand from 2013, when coal consumption hit a record high.

Next year, coal demand is expected to rise further, albeit slightly by 0.3%, and hit a new record high, according to the IEA. Uncertainties about this projection have increased over the past few months, the agency noted.

India is a key driver of coal demand growth this year, while China—which alone accounts for more than half the world’s demand—is expected to see growing demand in the second half of 2022. This will likely bring Chinese coal consumption for the full year 2022 to the same levels as last year. China and India together consume double the amount of coal as the rest of the world combined, the IEA says.

India mulls a complete lockdown in Delhi to control air pollution

Dehli the world’s most polluted capital

Schools in New Delhi will be closed for a week and construction sites for four days, the Indian capital’s chief minister said on Saturday, as the city tries to protect people in a worsening air pollution crisis. Arvind Kejriwal said talks on a potential complete lockdown in the capital were also underway, but any decision would only be taken after consultation with the central government.

Earlier in the day, the chief justice of India asked the central government to come up with an emergency plan to tackle the dangerous smog, calling the situation “very serious”. Air quality in Delhi, often ranked the world’s most polluted capital, has declined due to crop stubble burning, emissions from transport, coal-fired plants outside the city and other industry, as well as open garbage burning and dust.

Amazon to roll out its own TV in U.S. by October

The TVs will be powered by voice assistant Alexa

Amazon is planning to launch its Amazon-branded TV in the United States as soon as October. The launch, involving teams from Amazon Devices and Lab126, has been in the works for almost two years, the report said, citing people familiar with the matter.

The TVs, which will be powered by voice assistant Alexa, are currently designed and manufactured by third parties, one of which is TCL, the report added. Amazon did not immediately respond to Reuters’ request for a comment. The tech giant had already launched an AmazonBasics TV in India late last year.

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