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Reuters reported that the International Energy Agency expects that coal will grow to rival oil as a key energy source by 2017, pushed up by demand from emerging markets and from China who favour the less expensive fuel.
Reuters reported that the International Energy Agency expects that coal will grow to rival oil as a key energy source by 2017, pushed up by demand from emerging markets and from China who favour the less expensive fuel.
As quoted in the market report:
Coal’s share of the global energy mix continues to grow each year, and if no changes are made to current policies, coal will catch oil within a decade,’ IEA Executive Director Maria van der Hoeven said in a statement.