In 2023, GDP growth of around 5 per cent entailed an estimated a 5 per cent rise in coal demand. For 2024, even as oil, gas and coal demand growth weaken from 2023 levels, they will remain robust. In Europe, renewables are expected to make continued inroads to the power generation market (pushing coal to the margin).
Key energy themes for 2024: China to continue to drive global coal market
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