Connect with us

Hi, what are you looking for?

CleanTechnica
The growth in global coal demand is expected to stall over the next five years, according to a new report from the International Energy Agency, which predicts that appetite for the fuel will wane and other energy sources will gain ground.

Coal

Global Coal Demand To Stall Over Next 5 Years, According To IEA

The growth in global coal demand is expected to stall over the next five years, according to a new report from the International Energy Agency, which predicts that appetite for the fuel will wane and other energy sources will gain ground.

The growth in global coal demand is expected to stall over the next five years, according to a new report from the International Energy Agency, which predicts that appetite for the fuel will wane and other energy sources will gain ground.

The predictions are part of the International Energy Agency’s (IEA) latest report, the latest Medium-Term Coal Market Report, which predicts the share of coal in the power generation mix will fall to 36% by 2021, down from 41% in 2014, thanks in part to lower demand in China and the United States, combined with the increasing growth and popularity of renewables and a strong focus on energy efficiency.

More immediately, coal demand in 2016 is expected to come in under 2013 levels. Coal consumption decreased in 2015 for the first time in this century, and it looks as if this decline is only going to continue thanks to massive declines in China and the United States, and not enough growth in countries like India, Indonesia, Russia, and Vietnam. Specifically, coal use declined in the major Chinese sectors of electricity, steel, and cement, and coal generation also declined, driven by a lackluster 0.5% electricity demand growth and the country’s diversification policy, which led to hydro, nuclear, wind, solar, and natural gas power generation growth. In the United States, coal power generation dropped as a result of lower natural gas prices and coal plant retirements, leading to coal consumption dropping by 15%, the largest ever annual decline.

China remains the pivot point for what we expect coal to do after 2021. The country accounts for half of global coal demand, and almost half of coal production, and as such influences global coal prices and overall demand.

“Because of the implications for air quality and carbon emissions, coal has come under fire in recent years, but it is too early to say that this is the end for coal,” said Keisuke Sadamori, the director of the IEA’s energy markets and security directorate, who launched the report in Beijing, China.

“Coal demand is moving to Asia, where emerging economies with growing populations are seeking affordable and secure energy sources to power their economies. This is the contradiction of coal — while it can provide essential new power generation, it can also lock-in large amounts of carbon emissions for decades to come.”

The report also highlights the acceleration of coal’s move to the East, as well as the resultant geographical divide this shift has created. Decline of coal in Europe and America is continuing apace, and new policies and technological developments may even accelerate the decline. Meanwhile, the report expects to see solid consumption continuing in North Asia, and strong growth in South and Southeast Asia, where coal-based electricity is one of the preferred options to increase national power generation in growing economies with current electricity shortages.

 
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica member, supporter, or ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

New Podcast: How NVIDIA Is Bringing Autonomy To Automakers

Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Clean Power

Ireland hitches floating wind turbine star to wave energy workhorse in massive new 1.1 gigawatt offshore clean power project.

Cars

Germany, the world’s 4th largest auto market, and 2nd largest for plugin electric vehicles, hit 20.7% plugin market share in February 2021, up 3x...

Cars

Norway had a record February plugin electric vehicle market share of 79.1%, up from 68.1% in February 2020. The overall auto market was up...

Cars

Sweden saw plugin electric vehicle share grow to 34.8% in February 2021, up from 25% in February 2020. The overall auto market recovered in...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.