Posted on 12/19/2024 5:19:47 AM PST by george76
Driven by surging electricity demand in China and India, global coal use is set to hit an all-time high in 2024, disproving past predictions from energy “experts.”
The International Energy Agency (IEA) — a Paris-based intergovernmental organization that provides energy policy recommendations — said in its Coal 2020 report that “coal demand is expected to flatten” and that “it is likely that global coal demand peaked in 2013 at just over 8Bt [billion tons].” Now, however, a Wednesday report from the agency predicts coal demand will reach a new record of nearly 8.8 billion tons in 2024, as increased coal use in China and India continues to outweigh a decline in U.S. consumption.
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While coal demand in advanced economies continues to shrink, this decline is expected to be offset by growth in a few emerging and developing economies,” the IEA report says. “As has been the case for 25 years, China, which consumes 30% more coal than the rest of the world put together, will continue to define global trends.”
American coal consumption is expected to decline 5% from 386 million tons in 2023 to 368 million tons in 2024, according to the IEA. Meanwhile, China is expected to see demand grow by 1% in 2024 to 4.9 billion tons and India is expected to increase consumption 5% to 1.3 billion tons.
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The Biden-Harris administration has hamstrung American energy production in favor of renewables, issuing strict power plant emissions rules, while China has continued strengthening its electric grid using fossil fuels.
In 2022, for example, China approved 168 coal-fired power plants in 2022 and began constructing 50 gigawatts (GW) worth of coal-fired capacity the same year. Conversely, President Joe Biden’s 2021 Inflation Reduction Act (IRA) called for the retirement of 30 GW to 60 GW of U.S. coal-fired power plants by 2030, and Environmental Protection Agency rules finalized in April require existing American coal plants sequester 90% of their carbon emissions by 2032 if they want to stay running past 2039.
“While battalions of Gucci Gulch lobbyists are angling to preserve the corporate welfare provisions of the Inflation Reduction Act under the guise of climate action — and hare-brained, pink-haired climate activists in Europe are gluing themselves to airport runways and Van Gogh paintings — the IEA report shows that King Coal ain’t dead yet, not by a long shot,” energy author Robert Bryce wrote regarding the IEA’s Wednesday report.
In addition to the IEA’s Coal 2020 report, the agency’s Wednesday estimates also contradict its 2017 World Energy Outlook study, which predicted global coal use would “decline by almost 15% over the period to 2040,” and its 2015 Medium-Term Coal Market Report to 2020, which declared “the golden age of coal in China seems to be over.” All three of the studies thank a slew of energy “experts” from across the globe.
China has GARGANTUAN deposits of coal
C’mon man, can you dig it?
Wow.... Good old Nat has got to be well over a hundred years old... (?)
Truth, China does no such scrubbing.
The entire world is burning in china while greenies are worried about your stove. Why? Because China would beat their a$$especially to a bloody pulp if they tried to picket a Chinese coal fired plant.
Team Trump has a Everest size mountain to climb to undo all the damage Biden/Harris did to the USA.
Wonder how long before they try and outlaw drinking water? /sarc
I’m sure USA has plenty of coal yet & we can likely burn it more cleanly & efficiently than China & India, so why doesn’t the Biden administration pull their heads out & wake up to this? All you ever seem to hear about is “green energy” & I think most of the country realizes by now that it is one of the typical brain dead ideas from the Biden administration.
“‘King Coal Ain’t Dead Yet’: Energy ‘Experts’ Proven Wrong Again As Chinese, Indian Coal Use Continues To Skyrocket”
For people who want to know why keeping control over Ukraine is such an OBSESSION with Europe, the Democrats, the Globalists (and probably some of the Zeepers, at least the ones that are also NeverTrumpers), it is because of two words: CLIMATE CHANGE, and most of that is caused by burning coal (at least in their twisted minds). I think Globohomo is a significant factor also, as that is related to hating Christians, but not as much as Climate Change.
So they MUST get control of China QUICKLY, and China’s jugular is Russia, as Russia has the resources (pretty much infinite resources) that China must have, and the ticket to controlling Russia is to control Ukraine. Russia, of course, knows that, and so they are not making it easy.
No different than the US trying to stay a world power if China were opening military bases and positioning offensive forces in Mexico and Canada - the US would have to pull back and keep everything at home, which would leave China in a position to cut off our supply of everything we didn’t produce domestically (and that is a lot these days) - we would be hosed, which is why we’d allow such either.
According to available data, China imported approximately 474.4 million metric tons of coal in 2023, marking a record high for the country’s coal imports.
China’s coal imports hit another record high in the fourth quarter of 2023, and 2024 imports are likely to stay elevated due to slowing domestic production and the price advantage of overseas coal.
The world’s largest coal producer and buyer imported 126.79 million metric tons of coal in the fourth quarter of 2023, up 37.2% year over year, data from S&P Global Market Intelligence’s Global Trade Analytics Suite (GTAS) showed. China’s 2023 coal imports also hit a fresh record of 474.47 MMt, up 61.8% from 2022 and the highest since 2013.
China and India both do indeed have coal. You use what you have.
China’s cold is in the North part of the country. There are deposits of substantial size in North Korea but China’s coal is a little bit south and west of North Korea. Their oil deposits are up there as well, located sort of between their coal and North Korea’s coal.
It’s generally amusing that you never hear about abiotic coal. The oncoming reality of scarcity led to the imagined infinite hope of abiotic oil, but you never hear about abiotic coal. It doesn’t really matter what the mechanism is that generates the minerals. It only matters where you find it and whether mines or wells have gone empty and not refilled. Most have and will.
Try making steel without coal. I guess the Greenies want to ban steel too.
For people who want to know why keeping control over Ukraine is such an OBSESSION with Europe ... because they do not want to become part of Russia?
Save oil when possible;
Burn coal when necessary.
The number one customer for US is actually India. Everyday coal trains leave Wyoming and head west to Tacoma to be loaded on ships going to Asia. So, while US consumption of coal has decreased. The usage in other parts of the world has increased.
When the Russian natural gas pipeline blew up Germany had to go back to burning coal to make electricity. Germany also has coal that is not nearly as good quality as the US anthracite.
“For people who want to know why keeping control over Ukraine is such an OBSESSION with Europe ... because they do not want to become part of Russia?”
They Neocons REFUSED to give them that option, in Dec. 2021, and again in April 2022. Now it’s only a question of how much of what was Ukraine gets incorporated into Russia.
Those coal trains leaving Wyoming and going to Tacoma are great business for the UP and BNSF railroads. Like an oil train it is the type of business they love.
I will explain.
I am a lumber broker. All the sawmills load lumber on rail cars. However, for the railroads it is like the milk run. Pick up two cars here. Five over here. Ten at the next place. Bring all those cars to one place and make a train that all goes to Chicago or Memphis or Phoenix or LA.
With oil trains or coal trains they bring 100 rails to the coal mine. Then they pick up 100 cars. An entire train load and deliver them to Tacoma or some other final destination like a power plant. This is the same story with an oil train. Pick up an entire trainload of tanker cars at a terminal in North Dakota and take it to a refinery.
So, the railroads love this type of business because it is the most efficient use of the equipment and crews. Much more than making the milk run to form a train between twenty customers. Therefore, they will give a better price to transport coal cars from point A to point B.
...and yet they’re buying the coal that used to power our plants.
Not really, they import a lot of coal from Australia, and maybe even from the US!
Coal is US greatest natural resource!
BTW, lot of Chinese coal is used to produce “clean energy” sources exported to Europe and US.
All this “clean energy” hoax is basically outsourcing CO2 generation to China and India.
As a kid, I remember going to the local coal dealer with my mom and them trying to sell her bituminous, instead of the anthracite she wanted. Always loved watching when the coal truck dumped coal into our old garage.
Coal also came in handy for a Christmas present to a certain uppity sister.
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