Coal constrained by renewables in China, but not in other parts of Asia. This is one of the conclusions of the recently released Global Electricity market report report. As highlighted in IEA’s Renewables 2023 report, China commissioned in 2023 as much solar PV capacity as the entire world did in 2022, while its wind power capacity additions also grew by 66% year-on-year. The strong expansion trend of renewables is expected to result in renewable generation growing by around 20% in 2024, assuming a recovery in hydropower, and 13% on average in 2025-2026, covering all the additional Chinese demand growth and […]
The thermal coal market saw a continued decline, even as geopolitical tensions intensified. A bearish sentiment prevailed in the market, driven by subdued demand from major importers such as China and India, resulting in slowed procurement activities. With the exception of South Africa, coal prices from various origins experienced substantial drops.
This report lays out Great Britain’s strategy for decarbonising its electricity system. Coal, which currently accounts for roughly 1% of power generation is clearly not set to increase its share of the market as policy makers prioritise lower carbon energy sources. However current projections show that by 2035, demand for electricity may rise by up to 65 per cent and that by 2050 demand could more than double. Is it a mistake to ignore coal to such an extent?
All eyes have been on the “Two Sessions”, China’s annual parliamentary meeting, for clues into macroeconomic policy and energy policy this year. Renewable curtailment rates are set to rise again this year because of the coal overcapacity and the recently introduced capacity payment mechanism. The end goal is to encourage coal as back up for renewables, but the short-term impact is a potential drag on their dispatch.
Under the Ministry of Coal Industry of Kuzbass, in January-February 2024 coal mining enterprises in Kuzbass produced 34.5 mio t...
Over the past week, coal prices on the Atlantic market returned to growth, reaching a 3-month high and holding in...
China slashed coal imports from Russia in January-February 2024 to 11.5 mio t (-2.1 mio t or -22% y-o-y), as...
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