From Pennsylvania to the north of England, coal mines helped to power the Industrial Revolution, turbocharging the economic growth of countries around the world. Rare earth discoveries mean coal mines could have a key role to play in the energy transition.
Certain coal communities have faced place-specific hurdles such as job losses and relocations, decreased tax revenues, environmental challenges, and other barriers to economic transition and diversification. The term “coal communities” lacks a standard definition but generally refers to communities with a concentration of coal-related industries and coal employment, particularly industries that extract coal or communities that have a coal-fired electric plant.
Coal shipments could be 4.0% lower in 2025 than in 2023. Demand in advanced economies may continue to fall and mining in India and China could limit import demand growth. Coal mining in China and India has been significantly expanding, threatening imports there. In China, imports have remained competitive with domestic coal and safety concerns in Chinese mines having led to limited mining growth in 2023.Coal imports have benefited from no import tariffs since May 2022.
The war in Ukraine has triggered a resurgence in coal-based power production in several parts of the world, but mainly in Europe. While policymakers work to achieve a structurally lower gas consumption, some countries may reactivate previously closed or placed-on-reserve coal plants in Europe. Annual global coal demand experienced a rapid surge from 4.7 Gt in 2000 to its pinnacle at 8 Gt in 2014; since then its use has fallen steadily. The economic and trade contractions resulting from the COVID-19 pandemic caused a 7% reduction in coal demand in 2020. Although coal will recover to some extent, it will […]
Russian Railways (RZD) suggests to significantly revise the principles of tariffication of coal transportation. However, amending the coal tariff class...
Last week, thermal coal prices in Europe rose above 125 USD/t, supported by increased consumption along with a reduction in...
In January-October 2023, total Russian coal supplies, including exports and deliveries to the domestic market, increased to 329.3 mio t...
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