THE STABLE COAL DEMAND

IEA - While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years, as declines in Europe and North America are offset by strong growth in India and Southeast Asia.

Air quality and climate policies, coal divestment campaigns, phase-out announcements, declining costs of renewables and abundant supplies of natural gas are all putting pressure on coal. As a result, coal’s contribution to the global energy mix is forecast to decline slightly from 27% in 2017 to 25% by 2023.

But coal demand grows across much of Asia due to its affordability and availability. India sees the largest increase of any country, although the rate of growth, at 3.9% per year, is slowing, dampened by a large-scale expansion of renewables and the use of supercritical technology in new coal power plants. Significant increases in coal use are also expected in Indonesia, Vietnam, Philippines, Malaysia and Pakistan.

Coal in China accounts for 14% of global primary energy, the largest around in the world. Developments in the Chinese coal sector have the potential to affect coal, gas and electricity prices across the world, for instance through inter-fuel substitution or regional arbitrage. This puts China’s coal sector at the centre of the global energy stage. While China accounts for nearly half of the world’s coal consumption, its clean-air measures are set to constrain Chinese coal demand going forward. We forecast Chinese coal demand to fall by around 3% over the period.

Meanwhile, in a growing number of countries, the phase out of coal-fired generation is a key policy goal. But market trends are proving resistant to change.

“The story of coal is a tale of two worlds with climate action policies and economic forces leading to closing coal power plants in some countries, while coal continues to play a part in securing access to affordable energy in others,” said Keisuke Sadamori, Director of Energy Markets and Security at the IEA. “For many countries, particularly in South and Southeast Asia, it is looked upon to provide energy security and underpin economic development.”

This is why the IEA sees technologies like Carbon Capture, Utilisation and Storage (CCUS) as essential tools to bridge current and future energy needs with global and national climate ambitions. To help build a new momentum behind the technology, the IEA and the Government of the United Kingdom recently co-chaired an international summit where ministers, senior governmental officials across the world, CEOs from major energy companies and the financial community came together to identify practical steps to accelerate investment and deployment of CCUS.

“Tackling our long-term climate goals, addressing the urgent health impacts of air pollution and ensuring that more people around the world have access to energy will require an approach that marries strong policies with innovative technologies,” said Mr Sadamori. “It must rely on all available options – including more renewables, of course – but also greater energy efficiency, nuclear, CCUS, hydrogen, and more.”

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Earlier: 

2018, December, 14, 08:50:00 EBRD DECARBONISATION STRATEGY EBRD - the Bank will no longer finance thermal coal mining or coal-fired electricity generation. The Bank will also stop funding any upstream oil exploration, and will not finance upstream oil development projects except in rare and exceptional circumstances, where such investments reduce greenhouse gas emissions.

2018, December, 3, 12:30:00 ЭНЕРГЕТИКА РОССИИ И КИТАЯ МИНЭНЕРГО РОССИИ - Благодаря усилиям лидеров России и Китая сотрудничество двух стран в сфере энергетики вышло на беспрецедентно высокий уровень и продолжает динамично развиваться по всем направлениям, отметил по итогам встречи Александр Новак.

2018, December, 3, 11:35:00 SOUTH AFRICA'S NUCLEAR WNN - Energy infrastructure is a critical component of South Africa's National Development Plan (NDP), which was published in 2011 and identifies the need for investment in a strong network of economic infrastructure designed to support the country’s medium- and long-term economic and social objectives. The IRP plays a crucial role in contributing to the objectives of the NDP, the Committee said in its report.

2018, November, 16, 10:00:00 ОТНОШЕНИЯ РОССИИ И ЯПОНИИ МИНЭНЕРГО РОССИИ - «Стабильно высокие показатели демонстрируют поставки энергоресурсов из России в Японию. За первое полугодие 2018 г. отмечается рост поставок СПГ до уровня 4,7 млн тонн. Экспорт угля увеличился на 200 тыс. тонн до уровня 8,1 млн тонн», - сказал Министр.

2018, November, 9, 15:40:00 ЭНЕРГИЯ РОССИИ И КИТАЯ МИНЭНЕРГО РОССИИ - «Показатели поставок энергоресурсов традиционно демонстрируют положительную динамику. Только за 10 месяцев 2018 года поставки нефти в КНР, по сравнению с аналогичным периодом прошлого года, выросли на 33,7%, составив 33,36 млн тонн. При этом, угольный экспорт в Китай за 8 месяцев вырос на 15,4% до 18,12 млн тонн угля, продемонстрировали положительную динамику и поставки электроэнергии, за 9 месяцев увеличившись до 2,45 млрд кВт ч, что на 4,33% больше аналогичного показателя прошлого года. В этом году, по нашим ожиданиям, общий объем поставок электроэнергии в Китай достигнет 3,3 млрд. кВт ч.», - сообщил Министр.

2018, October, 22, 12:05:00 CHINA'S COAL UP BY 3.2% REUTERS - Miners churned out 306.01 million tonnes of coal last month, up 3.2 percent from 296.6 million tonnes in August and up 5.2 percent from the same time last year, according to the data from the National Bureau of Statistics (NBS).

2018, September, 26, 09:35:00 OPEC: GLOBAL ENERGY DEMAND WILL UP BY 33% OPEC - Total primary energy demand is expected to increase by 91 mboe/d between 2015 and 2040 to reach 365 mboe/d in 2040