The role of coal in providing energy to both businesses and homes is expected to grow in the coming years.
According to figures from the World Coal Association (WCA), it provided nearly half of all new energy demand between 2000 and 2010.
That is more than gas, oil, renewables and nuclear energy combined, explained Milton Catelin, Chief Executive of the WCA.
Delivering 41% of the world’s electricity needs and increasing its share in global primary energy consumption to 30.3 per cent in 2011, coal is on course to overtake oil as the most significant source of primary energy in the next few years.
Mr Catelin described how it could be a more cost-efficient resource for cash-strapped homeowners because “it has never faced the price volatility of oil and gas”.
The expert pointed towards figures from the International Energy Association, which show that coal is to provide half of the new on-grid electricity connections by 2030.
It is also due to deliver 25% of all new energy needed for universal electricity over the same period, illustrating the increasing role it plays in energy supply.