Energy thinktank cuts coal demand forecast for fifth year in row

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The volume of coal used across the world fell for the second year running in 2015 and is set to stay below peak levels in 2016, reported the International Energy Agency (IEA).

The influential thinktank - an autonomous Paris-based organisation - has downgraded its medium-term coal market forecast for the fifth year in a row and expects demand to plateau until 2021, but not fall fast enough to align with the international goal of holding global warming below 2C.