Coal Demand to Grow in India, China: IEA

Forbes reported that, while coal use is dwindling in the U.S., it is ramping up in Asia and India.

As quoted in the market report:

That is the conclusion of a recent report by the International Energy Agency, which estimates that in 2035, “coal remains the leading global fuel for power generation.” Use worldwide will rise by 65 percent, led by China, which in the next two decades will add as much power generation as the United States has now, with Japan thrown in for good measure. China is of course planning to employ other sources, like wind power, hydropower and nuclear, but the sooty black rock is expected to represent as much power generation as all those others combined.

To view the whole Forbes report, click here.