14 DAY TRIAL // A new report made public by energy consultancy firm Wood Mackenzie this past Monday says that, by the year 2020, coal will have become more in demand than oil.
The specialists who pieced together this report explain that coal is highly likely to take the place of oil as the main fuel supporting global economy due to economic growth in China and India.
More precisely, researchers say that, as economies in this part of the world continue to expand, local energy industries will up their dependency on coal rather than turn to oil or green energy sources.
This is because, unlike the latter, coal is fairly cheap and reliable.
“China's demand for coal will almost single-handedly propel the growth of coal as the dominant global fuel,” William Durbin with Woodmac explained, as cited by Daily Mail.
“If you take China and India out of the equation, what is more surprising is that under current regulations, coal demand in the rest of the world will remain at current levels,” he added.
According to said report, global coal consumption will increase by about 25% by the year 2020.
Ironically enough, the findings of this report were made public not long after the UN's Intergovernmental Panel on Climate Change announced that human society must drastically reduce carbon emissions if it is to even stand a chance of putting a leash on climate change and global warming.