Coal expected to overtake oil

Marion Dakers
COAL is set to become the biggest source of global energy later this decade, according to research out yesterday from Wood Mackenzie.

Huge demand from India and China is predicted to fuel the boom, while carbon policies will fail to change Europe’s energy mix until after 2020, the consultancy said.

Consumption of coal is expected to rise 25 per cent to 4,400m tonnes of oil equivalent a year in this decade, with two-thirds of the hike coming from China, the group added.