Industry Source Consulting Inc (INSO)

[justhefax]

Beijing....not china....

coal is about 30% of world energy source

http://www.iea.org/aboutus/faqs/coal/

How significant is China’s share in global coal production and consumption?

China’s share in global coal production is almost four times that of Saudi Arabia’s production of oil. China’s share in global coal consumption is more than twice that of the demand for oil in the United States. Overall, the Chinese domestic coal market is more than three times that of the entire coal trade worldwide.

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How much of the world’s electricity needs are provided by coal? Does still coal contribute to the energy mix globally?

As of 2013, coal provided approximately 40% of the world’s electricity needs. And at 29% of total world energy supply, coal is second only to oil, at 31%.

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Will production of coal continue to increase?

Although coal was the fastest-growing primary energy source from 2000-10 at 5.5% per year, this growth is unevenly distributed. Most of the growth in coal consumption came from Asia, particularly China, while coal consumption growth in the OECD region was sluggish.

Economic growth is likely to be robust in both China and India over the medium-term (five years). Coal is the key fuel in both countries’ energy mix and since economic growth and energy use are highly correlated, coal demand prospects for both countries are bullish to 2016. This will not be offset by sluggish coal demand growth in OECD countries. Therefore, global coal demand is likely to grow at firm rates for at least the next several years. China has announced plans to increase the role of natural gas, nuclear and renewables in its new five-year plan.