https://www.miningweekly.com
Building|Coal|Energy|Gas|generation|Hydropower|Mining|Power|Safety|SECURITY|Solar|Technology
Building|Coal|Energy|Gas|generation|Hydropower|Mining|Power|Safety|SECURITY|Solar|Technology
building|coal|energy|gas|generation|hydropower|mining|power|safety|security|solar|technology

China coal group says peak demand imminent as clean power grows

8th March 2024

By: Bloomberg

  

Font size: - +

China is rapidly approaching peak coal consumption, but the fossil fuel’s role in helping to address energy security concerns means its use will plateau for some time after that, according to the nation’s top industry association.

Coal is being displaced in the power sector thanks to a huge surge in wind and solar additions last year, while the real estate crisis is helping to cool demand from heavy industry, said Zhang Hong, deputy secretary-general of the China National Coal Association. At the same time, the growth of renewables means coal is in demand to help balance out intermittent generation.

A sharp drop in consumption, therefore, will not come swiftly.

“Coal demand is reaching a plateau period, but its fundamental role in supporting China’s energy supply safety is hard to change in the short-term,” Zhang said at the China Coal Import International Summit in Xiamen, southeastern China. “The role of coal as primary energy and a fallback for ensuring energy security remains unchanged, even when it is close to reaching a plateau.”

China mines and burns more than half the world’s coal, making its power sector the single biggest contributor to planet-warming greenhouse gas emissions. A series of power shortages in recent years led the government to boost mining to a record and go on a spree building new coal power plants, even as it invests more than any other country in clean energy.

Coal consumption rose 5.6% last year, a faster increase than the prior year, as the country left Covid-19 restrictions behind at a time when hydropower generation was hit by an historic drought. Still, the International Energy Agency forecasts coal consumption in China will fall in 2024 and plateau through the next two years. President Xi Jinping has promised that the country’s use of the fuel will begin to decline from 2026.

The debate over fuel’s trajectory continues, though. At the same conference, Wu Wenbin, head of coal management at Guangdong Energy Group, said he expects a 4% increase in consumption this year. Fenwei Digital Information Technology Co., the conference organizer and a coal industry research firm, forecasts a 2% rise this year for power-station coal.

Edited by Bloomberg

Comments

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Avlock International
Avlock International

Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
12th June 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.171 0.204s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: