Coal to Become Most-used Fuel Through to 2020

Bloomberg reported that although coal prices are on the rise following a four-year low, coal is nevertheless set to become the most-used fuel through to 2020.

As quoted in the market news:

About 434 gigawatts of coal-power capacity will be added globally by 2020, compared with 241 gigawatts for gas and 92 gigawatts of nuclear generation, according to Bloomberg New Energy Finance. Though a Bloomberg survey shows prices may rise 15 percent by 2015, it won’t be enough to stem demand in Asia and Europe, Singapore-based UOB Kay Hian Ltd. says.

Click here to read the full Bloomberg report.