Coal isn't going away, as rising use in China and India means it will overtake oil as the key fuel for the global economy by 2020. This is despite government efforts to reduce carbon emissions, energy consultancy firm Wood Mackenzie said on Monday. Global coal consumption is expected to rise by 25% by the end of the decade to 4,500 million tonnes of oil equivalent, overtaking oil at 4,400 million tonnes, according to Woodmac in a presentation at the World Energy Congress.
I have been a senior resources analyst following the fortunes of the mining and energy sectors for the past 25 years - previously working with stockbroker Intersuisse and financial group Fat Prophets. I am also Executive Director, Mining & Metals...
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