US Energy Information Agency: global coal consumption has reached its peak!

In just 2013, the US Energy Information Administration (EIA) predicts that global coal consumption will grow by 39% in 2040. However, the EIA’s latest international energy outlook report predicts global coal consumption in 2040 and 2015 Flat. The main reason for this change is the change in China’s coal demand forecast.

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According to EIA’s latest forecast, the world’s annual coal consumption will no longer grow by about 150 quart (about 5.76 billion tonnes of standard coal) between 2015 and 2040. Among the major coal consuming countries, China’s coal consumption will gradually decline, to 2040 to 73 quarts, but still the world’s largest coal consumer. In China’s coal consumption, coal consumption outside of electricity generation will drop from 46 quarts in 2015 to 34 quarts in 2040; coal consumption for power generation will peak in 2023 and then gradually decline to 2035 Equivalent to 2015 (40 quarts). China’s coal imports accounted for only 3% of total coal consumption in 2040.

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