Chinese think tank says country’s coal demand will start falling in 2025

first_img FacebookTwitterLinkedInEmailPrint分享Reuters:China’s coal demand will start to fall in 2025 once consumption at utilities and other industrial sectors reaches its peak, a state-owned think tank said in a new report, easing pressure on Beijing to impose tougher curbs on fossil fuels.The world’s biggest coal consumer is expected to see total consumption fall 18% from 2018 to 2035, and by 39% from 2018 to 2050, the CNPC Economics and Technology Research Institute, run by the state-owned China National Petroleum Corp (CNPC), forecast in a report on Thursday.Though the share of coal in the country’s total energy mix fell to 59% last year from 68.5% in 2012, overall consumption in 2018 rose 3% from a year earlier to 3.82 billion tonnes, official data showed.However, the CNPC researchers said they expected the total share of coal to drop to 40.5% by 2035 as renewable, nuclear and natural gas capacity continues to increase rapidly.“With coal demand in China falling gradually, world coal consumption is forecast to reach a peak within 10 years. Meanwhile, China’s coal demand, currently accounting for half of the world’s total, will decline to around 35% by 2050,” the report said.Li Ruifeng, vice director of the China Energy Technology and Economics Research Institute, a think tank run by the China Energy Group, China’s biggest coal producer, said coal would remain China’s major fuel over the next 15 years, with smaller mines replaced by bigger and more efficient collieries in the west. That would force utilities on China’s east coast to turn to foreign markets to guarantee supplies, with imports set to remain at around 200 million tonnes per year in the coming years “if there is no significant trade barrier,” he said.More: China’s coal demand to peak around 2025, global usage to follow: report Chinese think tank says country’s coal demand will start falling in 2025last_img

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