IEA: Global coal demand to fall in 2019, remain roughly flat to 2024

first_imgIEA: Global coal demand to fall in 2019, remain roughly flat to 2024 FacebookTwitterLinkedInEmailPrint分享The Guardian:Global demand for coal has fallen this year for the first time in two years as Europe and the U.S. turn their backs on coal-fired power plants in favour of cheap gas and renewable energy.A report from the International Energy Agency (IEA) found that the world’s appetite for coal declined in 2019 after a two-year resurgence following the steepest ever drop in the use of coal-fired power plants. The world’s energy watchdog said it is too soon to say whether the global appetite for coal would continue to decline because the fate of the industry rests largely in the hands of China’s policymakers.Coal remains the world’s single largest source of electricity generation, half of which is produced in China and used to power Chinese power plants.The IEA’s annual report on the coal industry revealed that the largest ever decline in the use of coal-fired electricity was led by steep cuts in coal demand from Europe and the U.S. Western countries are weaning their energy systems off coal power due to abundant cheaper alternatives such as renewable energy and gas, and flatlining energy demand.The IEA expects coal-fired electricity to rise only marginally between 2020 and 2024, at less than 1% a year, which should see its share of the global electricity mix fall to 35% in 2024 from 38% last year.But the forecasts could deviate widely, depending on China’s energy policy decisions in its next five-year plan, covering 2021 to 2025. The fossil fuel faces rising public opposition due to concerns over air pollution and the climate crisis. Many governments are now considering stronger climate and environmental policies as renewables and gas become cheaper to use. “If China changes – everything changes,” [Keisuke Sadamori, a director at the IEA] said.[Jillian Ambrose]More: World demand for coal falls despite growth in Asialast_img