According to Reuters, China is expected to see total coal consumption drop 18% between 2018 and 2035, and by 39% from 2018 to 2050, as per the CNPC Economics and Technology Research Institute’s latest report.
The research organisation, run by the state-owned China National Petroleum Corp (CNPC), noted demand from the world’s biggest coal consumer is expected to start it’s decline in 2025.
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Cutting coal consumption for cleaner energy like renewables and natural gas has been central to China’s energy planning, but it has also continued to approve new mines and coal-fired power plants and lend support to new projects overseas.
Though coal’s share in the country’s energy mix dropped to 59% in 2018, 9.5% lower than figures from 2012, overall power consumption in China rose by 9.5%, with 3.82 billion tonnes of coal consumed, according to official data showed.
“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 institute, run by the country’s biggest coal producer, China Energy Group, China’s biggest coal producer, said coal would remain China’s major fuel over the next 15 years.
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