Tougher Chinese policies aimed at reducing the country’s dependence on coal will curb global demand in the next five years, the International Energy Agency (IEA) said Monday. Coal demand will grow at an average annual rate of 2.3 percent through 2018, IEA said in a report. China will account for nearly 60 percent of new global demand in the next five years. That compares with its 2012 estimate of a 2.6 percent growth rate for the five years to 2017. The actual annual growth rate for 2007 to 2012 was 3.4 percent.
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