On the 9th, Bloomberg reported that the decline in global coal consumption is set to hit a historic record, mainly due to China's efforts to implement environmental protection, economic reform, and promote renewable energy. The International Energy Agency is about to release its annual report on global electricity usage.
According to a report released by Greenpeace on Monday, coal, as the most polluted fuel, its consumption decreased by 2.3% to 4.6% year-on-year from January to September 2015. This means that the consumption has decreased by 180 million tons of standard coal, which is 40 million tons more than the usage in Japan during the same period.
The report of Greenpeace affirms that the efforts of countries around the world to prevent global warming have had a significant impact on the coal industry. The International Energy Agency will release its annual report on global electricity usage on Tuesday.
The above trends indicate that the so-called global coal inflation in the first decade of the 21st century is an illusion, "said Lauri Myllyvirta, director of coal and energy research at Greenpeace
China is a major coal consumer in the world, accounting for nearly half of the total global demand. According to a report by Greenpeace, in the first three quarters of 2015, coal consumption in China's power industry decreased by more than 4% year-on-year, and coal imports decreased by 31%. Since the end of 2013, China's electricity consumption growth has been largely replaced by renewable energy.
The above report states, "The coal industry hopes that China will add one coal-fired power plant per week, hoping that coal demand will rebound. However, on the contrary, China will add one idle coal-fired power plant per week
The proportion of coal-fired power generation in the United States will decrease from 50% a decade ago to 36% this year. The United States plans to gradually retire more than 200 coal-fired power stations.
During the same period, India's domestic coal production capacity was increasing, and consumption increased by 5% year-on-year.