People also ask
What’s the future of coal-fired power?
The U.S. Energy Information Administration projects that even as coal’s share of U.S. electricity generating capacity declines, its world use will rise from about 30 percent today to 50 percent by 2035.
What is the future outlook for global coal demand?
The US Energy Information Administration (EIA) expected global coal demand to rise to 8,025m tonnes in 2022, surpassing the previous record in 2013, and rise further to 8,031m tonnes in 2024. In its latest March 2022 outlook, the EIA expected US coal exports to rise by 3% in 2022 to 88m short tonnes and reach 91m short tonnes in 2023.
What is the future for Newcastle thermal coal prices?
In its most recent quarterly update for January, consulting firm KPMG collated 18 forecasts for Newcastle thermal coal prices that had a long-term coal price forecast of $130.50 per tonne in 2022, gradually declining to $72.50 by 2026.
What’s happening to coal?
By the end of 2016, annual production had fallen 38 percent from its 2008 peak in response to plummeting coal prices, driven largely by rising international supply and declining domestic demand, the authors explained. (For a figure showing these trends, see The Regional Economist article 鈥?Coal鈥檚 Future Looks Uncertain as Rival Fuels Grow .鈥?