Coal continues to defy climate doomers who demand its replacement for power generation sooner rather than later. The latest sales figures affirm that dominance with global coal demand forecast to rise by 1.2 percent in 2026 to a record 8.94 billion tonnes due to the Middle East conflict and an almost insatiable global hunger for the dependable power source, the International Energy Agency (IAE) said.
Disruptions to oil and liquefied natural gas shipments through the Strait of Hormuz since the U.S.-Iran war started have driven up prices and encouraged higher electricity generation from coal in countries that have gas-fired power fleets and spare coal capacity, the IEA added in an update on the coal sector.
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