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Global coal trade to grow through 2050: EIA

  • Monday, September 30, 2019
  • Source:ferro-alloys.com

  • Keywords:global coal trade
[Fellow]The global coal trade is projected to continue growing through 2050.
[Ferro-Alloys.com] The global coal trade is projected to continue growing through 2050, largely driven by Asia, as industrial coal use increase and the power generation market in Asia grows, the Energy Information Administration said in its International Energy Outlook 2019 released Tuesday.
 
"In most regions, coal production and consumption are projected to remain near current levels with long-term growth expected in India and non-OECD [Organization of Economic Cooperation and Development] Asia," the report said.
 
Global coal production is expected to hold steady at 8 billion st through 2040, while consumption will be over 9 billion st, driven by India and other non-OECD Asian countries.
 
By 2050, the global coal trade is projected to grow at an average rate of 1.4% per year, to 2.2 billion st.
 
Until the 2030s, the report said, coal usage is projected to decline as regions replace coal with gas and renewables in power generation due to cost and government policy. However, the report said that "in the 2040s, coal use increases as a result of rising industrial usage and rising use in electric power generation in non-OECD Asia excluding China."
 
While coal-fired generation will stay stable through to 2050, its share will decline from 35% in 2018 to 22% in 2050 as total generation increases. (S&P Global Platts)
 
 
  • [Editor:kangmingfei]

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