MARKETS

Environmental policies may crimp coal demand in developed world

THE magnitude of future global coal demand growth is uncertain, particularly because of the varying stringency of environmental policies, according to the International Energy Agency.

Lou Caruana
Environmental policies may crimp coal demand in developed world

In the New Policies Scenario, OECD coal use falls by a quarter by 2035 as coal is backed out of power generation.

By contrast, demand expands by one-third in non-OECD countries – predominantly in India, China and the ASEAN region – despite China reaching a plateau after 2025.

“Globally, coal remains the leading source of electricity generation in the New Policies Scenario, though its share falls from 41% to 33% in 2035,” the IEA says.

“As the source of two-thirds of global greenhouse gas emissions, the energy sector will be pivotal in determining whether or not climate change goals are achieved.”

Energy-related carbon dioxide emissions rise by 20% to 37.2 Gt in the New Policies Scenario, leaving the world on track for a long-term average temperature increase of 3.6 °C.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.