China faces peak coal demand for the first time as a cooling economy and shifts in industry hit consumption, paving the way for a decline in global use even as India becomes the main driver for demand, the International Energy Agency said. China is the world’s top coal consumer but its uptake of the dirty fossil fuel has waned with the country moving more toward less energy-intensive sectors. State efforts to cap consumption in a bid to clear up the choking smog that smothers the country’s major cities have also hit demand. “The golden age of coal in China seems to be over,” the International Energy Agency (IEA) said on Friday in its Medium-Term Market […]