The world’s consumption and exports of thermal coal are expected to rise this year from 2023 to hit fresh record-highs, according to export and power generation data cited by Reuters columnist Gavin Maguire.
Coal-fired electricity generation has increased so far this year by 2% compared to 2023, to hit new highs as power demand in emerging markets grows. Coal power emissions are also set to rise to a record high in 2024, according to data from energy think tank Ember quoted by Maguire.
Moreover, global exports of thermal coal – the type used in coal power plants – have also climbed this year, due to rising demand in India and China in particular.
The world’s thermal coal exports rose by 9 million metric tons between January and November 2024 compared to the same period of last year, per vessel-tracking data by commodity analysts at Kpler.
Indonesia, the largest coal exporter in the world, is set to ship more than 500 million tons of coal this year, for the first time ever, according to Kpler’s estimates cited by Reuters’s Maguire. […]
— Read More: www.zerohedge.com
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