The Coal Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login
The Coal Hub
No Result
View All Result
Home Coal Demand

Global coal consumption: not dead (yet)?

Editor by Editor
2 months ago
Reading Time: 2 mins read
Global coal consumption: not dead (yet)?
Share on FacebookShare on TwitterShare on Linkedin

Global coal consumption rose to an all-time high in 2022 and is potentially set remain at similar levels for the next few years, as growth in Asia picks up and the EU looks for an alternate fuel to replace Russian gas and oil.

RELATED POSTS

Russian-bulk-carriers

Russian authorities may subsidize purchase of 85 bulk carriers

4 days ago
World-coal-market

World coal market: brief overview

4 days ago
World-coal-market

World coal market: brief overview

2 weeks ago

As per a recent report by the IEA, coal demand grew by 1.2% in 2022, 𝘳𝘦𝘢𝘤𝘩𝘪𝘯𝘨 𝘢𝘯 𝘢𝘭𝘭-𝘵𝘪𝘮𝘦 𝘩𝘪𝘨𝘩 𝘢𝘯𝘥 𝘴𝘶𝘳𝘱𝘢𝘴𝘴𝘪𝘯𝘨 8 𝘣𝘪𝘭𝘭𝘪𝘰𝘯 𝘵𝘰𝘯𝘯𝘦𝘴 𝘧𝘰𝘳 𝘵𝘩𝘦 𝘧𝘪𝘳𝘴𝘵 𝘵𝘪𝘮𝘦 𝘦𝘷𝘦𝘳.

This demand is expected to remain steady till 2025 with consumption set to hover around these levels for the coming 3 – 4 years (see chart)

The use of coal will reach a record high despite a number of nations across the world making significant climate pledges as it appears that economies are unable to kick their coal addiction (once again).

Even as countries and host governments have adopted climate change policies that call for the gradual phasing out of coal production and use over the ensuing decades, but due to gas shortages and the difficulty of ramping up enough renewable energy production to meet global demand, many still rely on coal for both industry and power.

𝐂𝐡𝐢𝐧𝐚:
Since China makes up more than half of the world’s coal demand (nearly 4250 MT), its consumption patterns have the biggest influence on global coal demand.

One-third of the world’s coal use is accounted for by China’s power industry alone.

In spite of the fact that China’s coal consumption increased significantly in 2021, growth is predicted to slow to an average of 0.7% per year through 2025, mostly due to the rise in the production of renewable energy.

𝐓𝐡𝐞 𝐄𝐔:
The invasion of Ukraine by Russia in February last year has changed estimates of energy consumption in Europe and other areas of the world since sanctions against Russian energy caused a significant volumes of oil and gas supply to abruptly go offline.

Many European nations, which relied heavily on piped gas from Russia for their heating and industry needs, found themselves unexpectedly struggling for their energy security and resorting to traditional sources, such coal and nuclear power.

Coal consumption in the EU is expected to jump nearly to nearly 21% to 476 MT from its 2020 lows

𝐈𝐧𝐝𝐢𝐚:
India’s coal consumption rose to 1033 Mt in 2021, a 14% rebound from a pandemic low in 2020. About 93% (~959 Mt) of the country’s coal demand was thermal coal (including lignite), mainly for electricity generation as thermal power makes up for nearly 60% of its installed power capacity.

Consumption is expected to grow significantly in the country as it looks at rapid industrial growth in the coming years and demand for electricity will sky rocket.

𝘊𝘰𝘢𝘭 𝘪𝘵 𝘴𝘦𝘦𝘮𝘴 𝘪𝘴 𝘴𝘵𝘪𝘭𝘭 𝘢𝘭𝘪𝘷𝘦 𝘢𝘯𝘥 𝘬𝘪𝘤𝘬𝘪𝘯𝘨 (..𝘱𝘰𝘭𝘭𝘶𝘵𝘪𝘯𝘨?)

Source: Rajat Kapoor (LinkedIn)

Tags: European coal demandglobal coal demandglobal coal demand outlookIndian coal demandRajat Kapoor
Editor

Editor

Related Posts

Russian-bulk-carriers
Coal Demand

Russian authorities may subsidize purchase of 85 bulk carriers

4 days ago
World-coal-market
Coal Demand

World coal market: brief overview

4 days ago
World-coal-market
Coal Demand

World coal market: brief overview

2 weeks ago
Coal-production-in-Kuzbass
Coal Demand

Coal production in Kuzbass down 7.9% in January 2023

3 weeks ago
World-coal-market
Coal Demand

World coal market: brief overview

3 weeks ago
railway-tariffs-on-coal-shipments
Coal Demand

Russian Ministry of Energy supports freezing railway tariffs on coal shipments

1 month ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

Coal-production-in-Kuzbass

Coal production in Kuzbass down 7.9% in January 2023

March 3, 2023
World-coal-market

World coal market: brief overview

March 10, 2023
World-coal-market

World coal market: brief overview

March 17, 2023

Recent Post

Russian-bulk-carriers

Russian authorities may subsidize purchase of 85 bulk carriers

March 17, 2023
World-coal-market

World coal market: brief overview

March 17, 2023
World-coal-market

World coal market: brief overview

March 10, 2023
Coal-production-in-Kuzbass

Coal production in Kuzbass down 7.9% in January 2023

March 3, 2023
World-coal-market

World coal market: brief overview

March 3, 2023
railway-tariffs-on-coal-shipments

Russian Ministry of Energy supports freezing railway tariffs on coal shipments

February 17, 2023

The Coal Hub is an online platform for sharing analysis and information about the global coal market  more info

Categories

  • Coal Market Outlook
  • Coal Trade
  • Met / Coking Coal
  • Coal Fired Generation
  • Coal Regions
  • Climate & Technology
  • Economic Impact

Recent Posts

Russian authorities may subsidize purchase of 85 bulk carriers

World coal market: brief overview

World coal market: brief overview

Energise your Friday!

Sign up to receive our weekly newsletter (each Friday) with new coal market reports, presentations & analysis.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 TheCoalHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Climate & Technology
    • Coal Fired Generation
    • Coal Market Outlook
    • Coal Regions
    • Coal Trade
    • Economic Impact
    • Met / Coking Coal
    • Others
  • Blog
  • Events
  • Industry Links
    • Coal Consultants
    • Coal Industry Association
    • Coal Industry News
    • Coal Price & Market Information
    • Government Organisation
    • Think Tank
    • Coal Company
  • Newsletter
  • Videos
  • Other Hubs
    • EUROPEAN GAS HUB
    • GLOBAL LNG HUB
    • GLOBAL MARITIME HUB
  • Subscribe
  • My account
  • Login

© 2020 TheCoalHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Energise your Friday!

Interested in coal markets? Do you want our free email each FRIDAY with at least 3 new COAL reports & presentations?

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?