Growth in global coal demand will slow over the next five years due to lower consumption in China and the United States and as renewable energy sources gain ground, the International Energy Agency (IEA) said on Monday. The IEA said last year that the world’s top coal consumer, China, could be facing peak coal demand for the first time due to measures to cap coal use to tackle air pollution and curb excess supply. “In China, coal demand is in structural and slow decline driven by a new economic growth model and diversification of coal,” the Paris-based IEA said in its medium-term coal market report. Even though China’s consumption is likely to have peaked, the country will still be […]