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The global coal market has experienced a turbulent three years. Demand dropped sharply during the Covid pandemic, only to leap during the post-Covid rebound and following Russia’s invasion of Ukraine. After reaching an all-time high this year, global coal demand is expected to decline to 2026. Coal 2023 provides the medium-term forecast of coal supply, demand and trade. It also covers costs, prices and mining projects at regional and country level by coal grade. Given coal’s impact on energy supply and CO2 emissions, Coal 2023 is indispensable reading for those following energy and climate issues.