«It will take a lot of time and a lot of regulations to really
see coal consumption turn around,» she said.
Not exact matches
«We
see a Chinese economy gradually shifting from construction to
consumption, and so, we will transition,» said Mackenzie adding that «We imagine we will continue to creep our exports of steelmaking materials like metallurgical
coal and iron ore, but we're much more likely to make major investments in what we feel are the next phase of China's growth in energy and in food.»
The decline in
coal consumption fits an overall pattern
seen in China over the past few years, which suggests that China is running out of high quality
coal.
Coal consumption, in particular,
saw steep declines by dropping 18 percent, while natural gas use dipped just 1 percent, versus 2015 rates.
It
sees coal as remaining dominant in the electricity generation sector: global
consumption will rise by 1.3 percent a year — from 147 quadrillion British thermal units of energy in 2010 to 180 quadrillion Btu in 2020 to 220 quadrillion Btu in 2040.
First identified by William Jevons in 1865 — when he noticed more efficient engines increased rather than reduced
coal use, as engines were put into more widespread use — the rebound effect for higher yields could
see food prices drop, encouraging greater
consumption, more food waste and even more conversion of habitats to farmland.
So we shall soon
see what the real climate sensitivity is, as the resultant CO2 levels of production from those who have NO INTENTION of slowing down their
coal and oil
consumption, continue to ramp up their use of fossil fuels.
While the past few years have
seen similar increases in natural gas and oil
consumption in China, 2017 will reverse a few years of flat or declining
coal consumption.
If you look at my chart you'll
see that the UK now has a deficit between
coal production and
consumption - i.e. we're importing.
For example, it won't suprise anyone that an investigation of the internet's energy use by the American Coalition for Clean
Coal Electricity
sees much higher electricity
consumption than a report written by the information and communication technology industry itself.
Barring a dramatic slump in the Chinese economy (even more than we have
seen until now), oil and gas
consumption are bound to keep growing in the medium term, on the back of increased transport demand and government policies to increase gas
consumption to stem air pollution from
coal burning.
The IEA's «New Policy Scenario (NPS)» is commonly used as a roadmap for energy policies and investments, and
sees increasing
consumption of oil, gas and
coal.
As we've
seen, the cheap
coal made available by the federal
coal leasing program has encouraged increased
coal consumption in the United States for decades, at the expense of cleaner forms of energy.
ENERGY OVERVIEW Energy Minister: Ernesto Martens Rebolledo Head of PEMEX: Raul Munoz Leos Proven Oil Reserves (1 / 1 / 03E): 12.6 billion barrels (
see Reserves and Production) Oil Production (2002E): 3.6 million barrels per day (bbl / d), of which 3.18 million bbl / d was crude Oil
Consumption (2002E): 1.93 million bbl / d Net Oil Exports (2002E): 1.68 million bbl / d Crude Oil Refining Capacity (1 / 1 / 03E): 1.7 million bbl / d Natural Gas Reserves (1 / 1 / 03E): 8.8 trillion cubic feet (Tcf)(
see Reserves and Production) Natural Gas Production (2000E): 1.33 Tcf Natural Gas
Consumption (2000E): 1.38 Tcf Recoverable
Coal Reserves (2000E): 1.3 billion short tons
Coal Production (2000E): 10.86 million short tons
Coal Consumption (2000E): 13.41 million short tons Net
Coal Imports (2000E): 2.55 million short tons Electric Generation Capacity (2000E): 38.9 million kilowatts Net Electricity Generation (2000E): 194.37 billion kilowatthours (bkwh); 74 % thermal, 18 % hydro, 5 % nuclear, 3 % other Net Electricity
Consumption (2000E): 182.8 bkwh Net Electricity Imports (2000E): 2.07 bkwh
If we ramp up new industries without reducing other things, we could
see a short term increase in fossil fuel
consumption and consequent CO2 emissions (relative to BAU), but if that is the start of a larger and permanent reduction of CO2eq emissions, then it's worth it (or in other words, much better to get 100 kWh per kg
coal than 3 (or whatever much smaller number it actually is) kWh per kg
coal).
Given that many nations are already
seeing overall energy
consumption and
coal use decline (over and above any impact of an economic slowdown), this latest announcement is a very welcome confirmation that China is also benefitting from this rapid transition.