China’s Coal Demand To Peak Around 2025, Global Usage To Follow: Report

www.oann.com | 8/22/2019 | Staff
TitanSwimr (Posted by) Level 3
BEIJING (Reuters) – China’s coal demand will start to fall in 2025 once consumption at utilities and other industrial sectors reaches its peak, a state-owned think tank said in a new report, easing pressure on Beijing to impose tougher curbs on fossil fuels.

The world’s biggest coal consumer is expected to see total consumption fall 18% from 2018 to 2035, and by 39% from 2018 to 2050, the CNPC Economics and Technology Research Institute, run by the state-owned China National Petroleum Corp (CNPC), forecast in a report on Thursday.

Coal - Consumption - Energy - Gas - Renewables

Cutting coal consumption and replacing it with cleaner energy like natural gas and renewables has been a key part of China’s energy strategy, but it has continued to approve new mines and coal-fired power plants and support new projects overseas.

Though the share of coal in the country’s total energy mix fell to 59% last year from 68.5% in 2012, overall consumption in 2018 rose 3% from a year earlier to 3.82 billion tonnes, official data showed.

CNPC - Researchers - Share - Coal - %

However, the CNPC researchers said they expected the total share of coal to drop to 40.5% by 2035 as renewable, nuclear and natural gas capacity continues to increase rapidly.

“With coal demand in China falling gradually, world coal consumption is forecast to reach a peak within 10 years. Meanwhile, China’s coal demand, currently accounting for half of...
(Excerpt) Read more at: www.oann.com
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