The IEA’s latest World Energy Outlook has indicated that global demand for energy will grow by almost a third from 2013 and 2040.
According to the report, coal is set to power 30% of global electricity in 2040 but China’s coal consumption will plateau as its economy begins to rebalance. Yet, China remains the world’s largest producer and consumer of coal throughout the IEA Outlook period.
There will be strong energy demand in India due to its growing population that has relatively small levels of energy use per capita, which will push energy demand to over double current levels.
Coal is expected to meet around 10% of growth in global energy demand to 2040, largely due to a tripling in coal demand in India and in Southeast Asia.
By 2040, Asia is projected to account for four out of every five tonnes of coal consumed globally, and coal will remain the core of the power system in many countries.
Benjamin Sporton, CEO of the World Coal Association, has commented on this latest outlook from the IEA.
“As we move closer to COP21, it’s essential that we recognise the reality of growing coal use in many regions of the world, particularly in India and across the rest of Southeast Asia. This latest report from the IEA is a reminder of the continuing role of coal and the need to ensure it is used as cleanly as possible through the use of low emission coal technologies.”
“We support the IEA’s emphasis on using coal in the most efficient way possible through the use of advanced control technologies and carbon capture and storage. To this end, the WCA has proposed the establishment of a Platform to Accelerate Coal Efficiency (PACE) and we stand ready to work with international partners to support implementation of this platform.”
“HELE coal technologies available today can make huge improvements in the environmental performance of coal-fired power stations. Increasing the average efficiency of the global coal fleet from 33% to 40% would save us two gigatonnes of CO2, which is equivalent to India’s annual CO2 emissions.”
Edited from press release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/coal/11112015/sporton-on-the-ieas-latest-world-energy-outlook-3139/