Companies

Feb 18, 2013

No denying coal’s developed world decline

There's no hiding from coal's long-term decline in Europe and the United States, irrespective of cherry-picked data floating around cyberspace about a coal revival. Don't believe what you read.

Forget talk of a coal revival based on cherry-picked data floating around cyberspace. The coal sector is facing significant headwinds in Europe, the US and possibly China.

Take Europe, and historical coal consumption for the EU since 1990. The overall trend is clearly down. There was an uptick in the last two years representing a bit of a recovery from the GFC collapse, but consumption is still below 2007 levels.

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7 comments

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7 thoughts on “No denying coal’s developed world decline

  1. Sally O

    I’m thinking that if you’re going to write an article about coal’s decline in the US, you should show a graph other than one that shows coal’s increase in the future, and still remaining the #1 fuel source in the US (last chart). Tough argument to uphold.

  2. MJPC

    Forget Coal, Hydrogen will be the power sourse of the future. It can fuel land, air and sea transport, supply local power via fuel cells. When Fusion power supply is sorted (and the day comes ever closer) the end of coal will be complete, and none too soon.
    The only thing stalling the hydrogen economy is that oil companies are wedded to hydrocarbons, governments action will change this.
    Of course the only hope is that the environmental legacy of coal will not be so bad it cannot be reversed.

  3. Matt Hardin

    @MJPC Hydrogen is not an energy source. It can be generated by any ( e.g. solar, nuclear or fossil fuel) energy source but it is merely a way of storing and distributing energy.

  4. Patriot

    Talk about cherry-picking. Why on Earth would you offer a commentary on the future of coal based on anything other than global consumption trends and projections, which are all going off the chart?

  5. Mark Errey

    Strangely enough it is in this country that coal consumption is falling, through the steel industry tanking badly and coal fired electricity (mostly brown) also going through a bit of a downturn. Renewables are making some of the dent by replacing capacity, but really the massive increase in retail electricity prices are driving down demand, so that where we had projected a capacity shortfall a decade ago, there is now excess capacity in the system. Almost makes me feel that the way the state owned distributors are ripping me off for my power is worth it.

  6. Counterpoint

    Interestingly what the article doesn’t touch on is that two powerful yet different factors are at play in Europe and the US which are causing the decline of coal.

    In Europe there has been an aggressive pursuit of wind, solar and other renewables mainly via the use of massive government subsidies. And in the US the shale gas boom has led to a collapse in the domestic gas prices, which has made it cheaper than coal to generate power from.

    It will be interesting to see where this goes and which model is more sustainable in the long term.

  7. Andybob

    If those projections turn actual we will all be swimming.

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