Two contrasting views about the future for coal in global energy production are presented by the WCA and the Australian Government
showing very graphically how China’s coal consumption dominates the world’s CO2 emissions targets.
China and India together consumed 67% of total global coal production in 2022 — China 52% and India 15%. Although both countries are also installing“China’s power sector alone accounts for one-third of global coal consumption. Meanwhile, with a growth rate of 6% annually, India has doubled its coal consumption since 2007—and is expected to lead the growth in coal consumption for years to come.
In Australia, the grid is at times almost 50% renewables and we are making great strides in reducing our dependence on coal for energy. Our dependence is on coal for export. We cannot ignore that much of the coal burnt in India and China comes from the land of the koalas and kangaroos .published by the Australian Government tells us that Australia is the second largest exporter of thermal coal , and is 4th largest in black coal resources.
Japan is working hard to reduce its emissions, deploying solar and closing coal-fired power plants. Plans to close 100 coal-fired power stations over the next 7 years will reduce Japan’s dependence on imported coal. Japan plans to double its renewables share of generation to 26–28% by 2030. However, its investments in carbon capture and sequestration make me wonder if it wouldn’t rather stick with 19th century technology.
The report notes that with an expected gradual decline in global coal use, the lower grades of coal will be impacted first. China is likely to reduce its imports of Indonesian coal and this may be made up by higher demand from domestic users and nearby South Asian nations. “[Over] the longer term, coal markets are likely to gravitate towards higher grades of coal, as efforts to reduce carbon emissions and transform global energy markets continue.
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