Global Coal Demand Soars High Till 2030

摘要

Demand for electricity in major economies, where coal is used to generate 52 percentofpower,willincrease3.3percent by 2010, according to a UBS AG report on Nov. 17. Global coal use will rise 2 percent a year through 2030, led by China and India, the Paris-based International Energy Agency said Nov. 6. Coal company shares tumbled this year as the U.S., Europe and Japan entered their first simultaneous recession since World War II.rnAs of Nov. 21, Peabody dropped 79 percent after reaching a record in June and Arch lost 84 percent. Consol, the third- largest U.S. coal producer, slipped 82 percent. Bumi fared the worst among the worlds biggest producers, plunging 92 percent in Jakarta.