{"id":15422,"date":"2015-12-18T07:37:56","date_gmt":"2015-12-18T12:37:56","guid":{"rendered":"http:\/\/olduvai.ca\/?p=15422"},"modified":"2015-12-18T07:37:56","modified_gmt":"2015-12-18T12:37:56","slug":"iea-china-might-have-passed-peak-coal-in-2013","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=15422","title":{"rendered":"IEA: China might have passed \u2018peak coal\u2019 in 2013"},"content":{"rendered":"<h3 class=\"owlDT\"><a href=\"http:\/\/www.carbonbrief.org\/iea-china-might-have-passed-peak-coal-in-2013\" target=\"_blank\">IEA: China might have passed \u2018peak coal\u2019 in 2013<\/a><\/h3>\n<p class=\"wls-paragraph\">China possibly saw its coal consumption peak in 2013, according to the International Energy Agency (IEA).<\/p>\n<p class=\"wls-paragraph\">The seismic shifts underway in China have global implications for both coal use and emissions.<\/p>\n<p class=\"wls-paragraph\">Global coal use fell by 0.9% in 2014, the first fall this century, says the\u00a0<a href=\"http:\/\/www.iea.org\/newsroomandevents\/pressreleases\/2015\/december\/global-coal-demand-stalls-after-more-than-a-decade-of-relentless-growth.html\">IEA\u2019s Medium Term Coal Market Report 2015<\/a>. It says demand is \u201clikely\u201d to fall again in 2015, echoing reports that\u00a0<a href=\"http:\/\/www.carbonbrief.org\/decrease-in-chinas-coal-use-sees-global-emissions-fall-in-2015\">global emissions will fall this year<\/a>\u00a0as coal use declines.<\/p>\n<p class=\"wls-paragraph\">As a result, the IEA\u2019s 2020 demand coal forecast is now 10% lower than its\u00a0<a href=\"http:\/\/www.iea.org\/newsroomandevents\/pressreleases\/2014\/december\/global-coal-demand-to-reach-9-billion-tonnes-per-year-by-2019.html\">previous outlook<\/a>. Even so, it sees rising demand between now and 2020, reversing the current two-year decline.<\/p>\n<p class=\"wls-paragraph\">Paris perspective<\/p>\n<p class=\"wls-paragraph\">Before getting into the details of the IEA\u2019s coal market report, it\u2019s worth noting that it was written before the\u00a0<a href=\"http:\/\/www.carbonbrief.org\/analysis-the-final-paris-climate-deal\">Paris climate deal was agreed<\/a>.<\/p>\n<p class=\"wls-paragraph\">Anticipating that an agreement might be reached, however, the report lays out a series of trends likely to weigh increasingly on coal demand over the coming years.<\/p>\n<p class=\"wls-paragraph\">These include the falling cost of renewables, the spread of CO2 pricing and coal taxes, the divestment movement and development banks and export credit agencies restricting coal finance.<\/p>\n<p class=\"wls-paragraph\">Fatih Birol, the IEA\u2019s chief executive, writes in a foreword to the report that the business case for coal use is diminishing. He writes: \u201cThe window of opportunity for high-carbon sources is closing.\u201d<\/p>\n<p class=\"wls-paragraph\">A feature article for the\u00a0<a href=\"http:\/\/www.nytimes.com\/2015\/12\/17\/world\/asia\/china-coal-mining-economy.html?smid=tw-share\">New York Times<\/a>\u00a0this week looks at the mass layoffs facing China\u2019s coal mining industry. One miner tells the paper: \u201cThere is no future in coal.\u201d<\/p>\n<p class=\"wls-paragraph\">While\u00a0<a href=\"http:\/\/www.trust.org\/item\/20151214172059-bpro1\/\">some reports<\/a>\u00a0suggest the Paris deal depressed coal stocks, views differ on\u00a0<a href=\"http:\/\/www.carbonbrief.org\/the-paris-agreement-on-climate-change-the-world-reacts\">its significance<\/a>\u00a0for fossil fuel interests. Nonetheless, it would be hard to argue coal\u2019s prospects have improved.<\/p>\n<p class=\"wls-paragraph\">With that in mind, let\u2019s turn to the forecasts in the IEA\u2019s medium-term coal market outlook.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IEA: China might have passed \u2018peak coal\u2019 in 2013 China possibly saw its coal consumption peak in 2013, according to the International Energy Agency (IEA). The seismic shifts underway in China have global implications for both coal use and emissions. Global coal use fell by 0.9% in 2014, the first fall this century, says the\u00a0IEA\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[10797,130,1004,11115,416,433,11114,674],"class_list":["post-15422","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-carbon-brief","tag-china","tag-co2","tag-coal-taxes","tag-iea","tag-international-energy-agency","tag-peak-coal","tag-renewable-energy"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/15422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15422"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/15422\/revisions"}],"predecessor-version":[{"id":15423,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/15422\/revisions\/15423"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}