Global Coal Outlook 2024 | Is Coal Demand Going to Decline?

What's the global coal outlook for 2024? Is coal demand going to decline globally? In 2022, global coal demand surged to a record high of 8.42 billion tonnes, a 4% annual increase amid the global energy crisis, driven by Asia.
China, India, and Indonesia saw substantial growth, while the United States experienced an 8% drop. Looking to 2023, advanced economies are expected to witness declines, but global demand is projected to increase by 1.4%.
In 2024, China's coal consumption is forecasted to fall and plateau through 2026, contingent on economic growth and clean energy adoption. China's dominance in global coal markets remains, with India and ASEAN gaining influence.
Energy security has risen on the political agenda. Coal trade volumes are set to reach record levels in 2023, led by China's imports. Despite price fluctuations, coal producers face cost inflation.
Mining companies have thrived, diversifying profits amid the energy transition.
Regulatory challenges prompt coal players to acquire existing mines. Global dialogue and policy interventions are crucial for a rapid decline in coal use and climate goal achievement.
--
About Energy Tracker Asia (ETA):
Energy Tracker Asia covers the latest news and trends affecting renewable energy, natural gas, coal, and oil investments and finance. As the world rapidly expands and develops clean energy like solar and wind will play crucial roles in the energy transition and action on climate change.
Energy Tracker Asia website: bit.ly/3Eewrpl
Follow us on social media:
LinkedIn: / ener. .
Facebook: / energytracke. .
Twitter: / energyasianews
Topics Discussed:
coal
energy
finance
coal 2024
coal 2023
coal outlook
coal outlook 2024
coal forecast
coal forecast 2024
cop28
cop29
Energy Tracker Asia
coal price
coal price 2024
global coal outlook
coal demand
global coal demand
global coal forecast 2024
global coal forecast 2025
coal india
coal china
coal price outlook 2024
iea
iea coal report 2023
coal india outlook
Energy Tracker Asia
renewable energy
climate change
#coal #climatechange #cop28

[@canadiannuclearman]

For god's sakes people can not read that fast. Slow it down english is not the first language for many people.