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Global Coalbed Methane Market 2018-2022: Decline in coal-based power generation

Published by
World Coal,

In terms of volume, the Global Coalbed Methane Market will reach more than 3300 BCF by 2022.

Global Coalbed Methane Market 2018-2022 has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market. One trend in the market is decline in coal-based power generation. Coal is still a dominant energy source used in power generation. However, a gradual transition is happening on a global scale with coal being replaced with relatively cleaner fuels and resources.

According to the report, one driver in the market is increasing need for sustainable energy. Emissions from the burning and combustion of coal are responsible for a major share of CO2 emissions that result from human activities. Government bodies worldwide are focusing on reducing greenhouse gas (GHG) emissions. Amid international agreements such as the Kyoto Protocol, coal-powered electricity generation, which once accounted for a major share of the global energy mix, is declining due to its replacement with alternate sources.

Further, the report states that one challenge in the market is increasing investments in renewable energy. Fossil fuels are one of the major contributors to GHG emissions globally, and as of 2015, more than two thirds of electricity generated was from fossil fuels. This has shifted the focus on the need for cleaner fuel sources such as nuclear and renewable energy.

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