Coal demand to remain flat to 2022, resulting in a decade of stagnation

20171219

Global demand for coal should remain nearly flat between 2017 and 2022, resulting in a decade of stagnation for coal consumption, according to the International Energy Agency’s annual coal market report. Global coal consumption fell 1.9% to 5,357 million tonnes of coal equivalent (Mtce) last year, the second year of decline, because of lower gas prices, a surge in renewables and improvements in energy efficiency, according to Coal 2017. Coal demand is down 4.2% over the last two years, nearly matching the two-year decline in the early 1990s, which remains the biggest recorded drop since the IEA started compiling statistics more than 40 years ago. By 2022, global coal demand is expected to reach 5,530 Mtce, the same as the average of the last five-year period, and meaning that coal use will have had a decade-long period of stagnation. The share of coal in the global energy mix is forecast to decline to 26% in 2022, from 27% in 2016 because of sluggish demand compared with other fuels. Although coal-fired power generation increases by 1.2% per year through 2016-22, its share of the power mix falls to just below 36% by 2022, which would be the lowest level since IEA statistics began. “The energy system is evolving at a rapid pace all around us, with a more diversifying fuel mix, and the cost of technologies going down,” said Keisuke Sadamori, the International Energy Agency’s director for energy markets and security. “But while everything else is changing, global coal demand remains the same.” Coal demand dropped in China, the United States and the European Union in 2016, but increased in India and across many parts of Southeast Asia, and shows no signs of slowing down. For instance, despite the rapid growth in renewables, Indian coal-fired power generation is expected to grow almost 4% a year through 2022. While India will be increasingly important to global coal markets, China will remain the key driver. The potential for coal demand growth in China is limited, but the country’s supply-side reforms will be critical factors for coal prices in the coming years. Meanwhile, the European Union, accounting today for just 6% of global demand, is set to become an increasingly marginal player. The IEA highlights that urgent action is needed to support Carbon Capture, Utilisation and Storage (CCUS) technologies, which made important strides last year but still lags far behind other low-carbon technologies. There is a broad agreement among energy leaders from both government and the industry that urgent action is needed to support CCUS, without which the climate challenge will be much more difficult to tackle. This is why the IEA is working to give a new momentum to this essential technology, and is committed to pushing the global dialogue forward. In November 2017, it organised a global CCUS summit in Paris that was co-chaired by US Secretary of Energy Rick Perry and IEA Executive Director Dr Fatih Birol, bringing together more than 20 countries and CEOs of the world’s top energy companies to focus on this technology. “This serves as a critical reminder why technologies like CCUS are so important, and why governments and companies need to step up their policy support and investments in that sector in order to meet global climate goals,” said Mr. Sadamori. “Indeed, without CCUS, coal use will be seriously constrained in the future.”

Ист.: International Energy Agency, Ссылка: https://www.iea.org/newsroom/n...
Темы:Энергетика,

Предыдущие:

 20171219 Proposed Tax Bill Boosts Renewable Energy

Ист.:

WASHINGTON — The Republicans" tax package would boost traditional forms of energy such as oil and gas while also supporting renewable energy such as wind and solar power — and even extend a hand to buyers of electric cars. An agreement by House and Senate negotiators would open Alaska"s Arctic National Wildlife Refuge to drilling, while preserving tax...
Мета: oil, electric vehicles, Senate Energy and Natural Resources Committee, Темы: Энергетика,


 20171220 Commentary: Bringing electricity to all corners of Southeast Asia

Ист.:

Providing electricity access for all remains a critical topic in many parts of the developing world. The challenge is especially acute in Southeast Asia, one of the most dynamic regions of the global energy system, but whose rich and varied environment defies one-size-fits-all energy solutions. Thanks to growing economies and burgeoning and urbanising mid...
Мета: Southeast Asia, island, Темы: Энергетика,


 20171220 The China Carbon Market Just Launched, And It"s The World"s Largest. Here"s How It Can Succeed.

Ист.:

On Tuesday, December 19, China formally launched its national carbon market. By setting a carbon price on the country"s largest greenhouse-gas emitters, China has launched a new, crucial endeavor in its efforts to tackle pollution and climate change . While the first phase of the market only covers power generation, this step will still have major climate...
Мета: China, national carbon market, carbon, Paris Agreement, Northeast U.S. Regional Greenhouse Gas Initiative, Темы: Энергетика,


По этой же теме:


 20171010 China: dena certifies six new energy-efficient buildings

Ист.:

Pilot projects for energy efficiency in nurseries, office buildings and residential buildings / 70 per cent lower energy consumption than in comparable new buildings The German Energy Agency (dena) has certified six new building projects in China with the highest energy efficiency class A. The buildings consume around 70 per cent less energy than the aver...
Мета: German Energy Agency, China, Center of Science and Technology of Construction, Темы: Энергетика,


 20171103 Every bit counts – Toward an electrified planet

Ист.:

Every bit counts – Toward an electrified planet Since the 2015 G7 summit in Elmau in southern Germany, the world has focused on a common goal: to turn away from fossil energy in favor of electricity as a universal energy source, with the ambition of achieving complete decarbonization by the year 2100. This presents all economies with tremendous chall...
Мета: G7 summit, 3D Model of Energy, Sustainable Energy for All, TenneT, Siemens, Темы: Энергетика, Социум, Будущее,


Следующие:


 20171010 China: dena certifies six new energy-efficient buildings

Ист.:

Pilot projects for energy efficiency in nurseries, office buildings and residential buildings / 70 per cent lower energy consumption than in comparable new buildings The German Energy Agency (dena) has certified six new building projects in China with the highest energy efficiency class A. The buildings consume around 70 per cent less energy than the aver...
Мета: German Energy Agency, China, Center of Science and Technology of Construction, Темы: Энергетика,


 20171103 Every bit counts – Toward an electrified planet

Ист.:

Every bit counts – Toward an electrified planet Since the 2015 G7 summit in Elmau in southern Germany, the world has focused on a common goal: to turn away from fossil energy in favor of electricity as a universal energy source, with the ambition of achieving complete decarbonization by the year 2100. This presents all economies with tremendous chall...
Мета: G7 summit, 3D Model of Energy, Sustainable Energy for All, TenneT, Siemens, Темы: Энергетика, Социум, Будущее,