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Commodities

Asia's appetite for coal grows, with China the key decider

India's consumption forecast to climb even as renewables flourish

The future of coal power generation and coal demand depends on China, according to the International Energy Agency.   © Reuters

TOKYO -- Although renewable power generation is expected to rise significantly in Asia, India's vast electricity needs will still underpin global demand for coal until 2024, according to a recent report released by the International Energy Agency.

The IEA said, however, that China will be the biggest decider of coal's future after 2024, as it accounts for half of global consumption.

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