Renewable energy still has a long way to go before de-throning King Coal. In fact, coal will challenge oil as the world’s top energy source by 2017 and Australia will play a leading role in feeding that filthy fossil fuel addiction.
The rumours of coal’s death - while pleasing - are greatly exaggerated.
The International Energy Agency (IEA) says even though the coal demand growth rate has slowed, global coal consumption will increase in every region of the world between now and 2017 except in the United States, where it’s being pushed aside by natural gas.
“In fact, the world will burn around 1.2 billion more tonnes of coal per year by 2017 compared to today – equivalent to the current coal consumption of Russia and the United States combined,” says IEA Executive Director Maria van der Hoeven.
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