, according to estimates, the world demand for coal, which has reached the record level this year, will remain unchanged until 2027. This is stated in the report of the International Energy Agency (IEA).
Coal consumption, which has sharply decreased during global pandemia, has entered the process of active recovery. It is expected that this year the world consumption of coal will beat the record and reach 8.77 billion tons, -will be examined from the report.
Although coal prices are currently 50 percent higher than the average in the period from 2017 to 2019, it is expected that world coal mining will reach a historical maximum this year. According to estimates, this year the volume of coal international trade will beat the record and reach 1.55 billion tons.
Meanwhile, the growth of capacities based on renewable energy sources continues. The share of renewable energy in the production of electricity is growing. However, the world demand for coal will remain close to the current record level until 2027.
According to the report, China, as in past years, is the main consumer of coal, but it is expected that the ongoing diversification of sources of electricity production in this country will help restrict the growth of world coal consumption. According to estimates, the demand for coal will reach its peak by 2027. The pace of reduction in coal demand will depend on the adoption of strict measures of politics and the growth of alternative energy sources, including natural gas in the United States and Canada.
The Director of the Energy Markets and the Security of Keisuke Sadamori said that clean energy technologies began to gain momentum.
According to him, this situation makes changes to the electric power sector, which accounts for two -thirds of the world’s coal consumption.
“As a result, our analysis shows that the world demand for coal will be stagnated until 2027, even despite the sharp increase in electricity consumption. However, weather factors will have a significant impact on short -term trends in coal demand, especially in China, the largest consumer in the world Coal.