The global coal market will continue to be dominated by China, despite efforts to reduce it’s coal dependency.
A report out yesterday shows that coal demand grew by 2.4% in 2013, with China driving it by using an extra 196 million tonnes (Mt) over 2013.
This is larger than the whole world’s rise in coal use of 188 Mt – the figure is smaller than China’s because non-Asian countries reduced their use, said the International Energy Agency (IEA).
The coal demand in Europe was reduced by 35 Mt compared to 2012, due to renewable energy performance according to the IEA’s ‘Medium-Term Coal Market Report’.
Maria van der Hoeven, IEA Executive Director called for more investment in “high-efficient” coal farms. She added: “New plants are being built, in an arc running from South Africa to Southeast Asia but too many of these are based on decades-old technology.
“Regrettably, they will be burning coal inefficiently for many years to come.”
China will continue to dominate the market over the next decade , with predictions that India and South East Asia will boost demand on a smaller scale.