The IEA Pathway to a low carbon futureforecasts that the world...

The IEA Pathway to a low carbon future
forecasts that the world will be making more steel using coking coal in 2050 than it is today and
that this is unavoidable. The transition to a low carbon future has to be managed thoughtfully
and carefully to avoid shortages of old energy sources until the world has actually transitioned
to new sources. There is no evidence that any country is exercising that care, so the next
decade is likely to see critical shortages of steel and energy driven by under investment in coal,
meaning above expectation prices and super normal profits for companies