News Summary

• Last year, the International Energy Agency forecast that global demand for the dirtiest fossil fuel had plateaued.
• The agency recently projected that coal consumption will climb to a record high of 8.94 billion metric tons in 2026.
• Blame it on the war in Iran, which choked off a chunk of the world’s oil and gas supply in the Strait of Hormuz and thrust the world into an energy crisis.
• Many countries turned to coal as a replacement.