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Last Post: 6/21/2017 3:45:56 AM - Followers: 1 - Board type: Free - Posts Today: 0

A coal factsheet for the future

http://www.mining.com/a-coal-factsheet-for-the-future/?utm_source=digest-en-mining-121220&utm_medium=email&utm_campaign=digest

The International Energy Agency (IEA) is a Paris-based intergovernmental organization formed in the wake of the 1973 oil crisis. The IEA acts a policy adviser to its 28 member states. It also works with non-members such as Russia, India and China, in efforts to promote alternatives to fossil fuels.

Recently the IEA came out with a report claiming that, "coal's share of the global energy mix continues to rise, and by 2017 coal will come close to surpassing oil as the world's top energy source"

Here are some of the other startling highlights from the IEA's Medium-Term Coal Market Report 2012 Factsheet:

Coal demand is growing everywhere but in the United States:

The trend of the last decade continued in 2011, with coal supplying nearly half of the incremental primary energy supply. Chinese demand grew by 233 mt. The only region where coal demand declined was in the US.

The world will burn around 1.2 billion more tonnes of coal per year by 2017: That's more than the current annual coal consumption of the United States and Russia combined.

China has become the largest coal importer in the world: It wasn't until 2009 that China became a net importer of coal, two years later it surpassed Japan for the top spot.

India will increase its influence in coal markets: With massive coal reserves, and a population of over 1.2 billion coupled with electricity shortages, the country is on the verge of becoming a major coal consumer.

Australia will recover its throne as the biggest coal exporter: While Indonesia currently holds the top spot with exports past the 300 mt line, Australia is expected to reach 356 mt by 2017.

The coal renaissance in Europe is only temporary: High gas prices and oversupply from the US have made coal a prime fuel choice for the gas age. But the IEA is quick to point out that increases in renewable energy and the retirement of coal plants will decrease coal consumption across Europe.


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#19   Sorry. I got an error while posting my HairySilv 06/21/17 03:45:56 AM
#18   Saudi Arabia as a potential coal user? HairySilv 06/21/17 03:41:47 AM
#17   Biggest US coal plant closures of 2013 Tommy 12/24/13 08:28:09 AM
#16   Why Uranium and Coal Rank High for Energy Tommy 12/04/13 08:19:50 AM
#15   Coal Market Recovery To Boost Alpha Natural Resources Stock Tommy 10/02/13 03:56:25 PM
#14   EPA's new carbon rules hurt coal, could Tommy 09/21/13 09:11:44 AM
#13   EPA to set carbon limits on power plants Tommy 09/20/13 07:46:56 AM
#12   King Coal: Industry Rebound Hinges On Production Cuts Tommy 08/29/13 07:55:11 AM
#11   $WLB - Coal Without The Risk Tommy 07/31/13 08:36:41 AM
#10   $WLT - Buy This Coal Miner At A Tommy 07/13/13 08:10:42 AM
#9   $JRCC - James River Coal: How Its Debt Tommy 05/27/13 09:45:18 AM
#8   How Wyoming totally dominates US coal production Tommy 03/30/13 09:43:23 AM
#7   $JRCC - An Update On James River Coal's Risk Tommy 03/12/13 08:38:32 AM
#6   China to close 5,000 coal mines this year Tommy 02/12/13 08:51:02 AM
#5   Domestic Coal Investments Tommy 01/10/13 07:07:34 AM
#4   Excellent boards Tommy. I saw your Potash board the cork 12/23/12 02:56:17 AM
#3   Coal mining companies in the USA Tommy 12/21/12 12:26:03 AM
#2   Types of Coal Tommy 12/21/12 12:18:06 AM
#1   Coal Mining Tommy 12/21/12 12:16:47 AM
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